SunGard Launches New Version of its Ambit Core Banking Solution for Balance Sheet Management

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SunGard has unveiled a new version of Ambit Core Banking, its universal core banking system, to help banks stabilize earnings and respond to margin pressure. Ambit Core Banking now includes balance sheet and risk management tools embedded into the core banking system in addition to retail deposits and lending, commercial banking, trade finance, and treasury management.

SunGard Launches New Version of its Ambit Core Banking Solution for Balance Sheet Management

SunGard has unveiled a new version of Ambit Core Banking, its universal core banking system, to help banks stabilize earnings and respond to margin pressure. Ambit Core Banking now includes balance sheet and risk management tools embedded into the core banking system in addition to retail deposits and lending, commercial banking, trade finance, and treasury management.

Providing balance sheet and risk management tools as an embedded component of a core banking system will help banks have a more accurate view of risk across the enterprise. Ambit Core Banking uses a single data model to help improve data consistency, accuracy and transparency of balance sheet information as an integrated component of core banking infrastructure.

In addition to providing accurate balance sheet and risk management data, Ambit Core Banking also offers workflow tools to help banks embed risk management processes into decision making across the organization. It helps banks interpret and use balance sheet risk information for improved strategic decision making, such as discontinuing unprofitable channels, and adjusting risk appetite or capital on reserve.

Michael Araneta, research director at IDC Financial Insights said “Multiple post-crisis challenges have exposed the flaws in legacy architectures and driven a renewed focus on systems modernization. But today the biggest drivers for core systems transformation are underpinned by the need for more rigorous risk management practices, stringent regulatory compliance capabilities and the health and stability of the balance sheet – a bank’s single most important asset.”

Ambit Core Banking is based on the Banking Industry Architecture Network (BIAN) standards and built using a componentized service-orientated architecture, allowing banks to implement only the functionality they require in a manageable and phased way. This approach also enhances a bank’s organizational agility as it helps the bank to adapt more quickly to market changes.

Hans Tesselaar, executive director of BIAN said, "Banks are under pressure to deliver innovative products that enhance the customer experience, while also increasing flexibility and reducing costs. Adopting a service-oriented architecture will help banks migrate to a more modern infrastructure in a measured and managed way.”

David Hamilton, president of SunGard’s banking business, said, “Banks are reevaluating, and in some cases rebuilding, their operational models in order to help them restore profitability. The role of a core banking system is no longer simply that of a transaction processing engine, but is the primary provider of data into balance sheet management systems. The ability for banks to embed balance sheet management strategies across the organization will become essential to the ongoing stability of the bank.”

About BIAN
BIAN is a not for profit organization which seeks to accelerate the adoption of Service Oriented Architecture (SOA) in the banking industry by promoting convergence towards a common services landscape and semantic standards which makes it easier and more cost-effective to integrated such services.

About SunGard’s Ambit
SunGard's Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and performance. Ambit helps banks retain and acquire customers, improve staff efficiency and effectively measure and allocate their capital. For more information, visit http://www.sungard.com/ambit.

About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com

Trademark Information: SunGard, the SunGard logo and Ambit are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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Dan Bradley
SunGard
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