(PRWEB) July 11, 2012
Boston, July 11, 2012 – SunGard has launched Ambit Commercial Lender, a new solution that will help banks improve their commercial lending operations and rebuild return on equity (ROE). Ambit Commercial Lender provides end-to-end support for all aspects of the commercial lending lifecycle, including application processing, credit assessment, approval, document preparation, loan boarding, servicing and portfolio management.
SunGard’s Ambit Commercial Lender brings the commercial lending process onto a single platform, providing a consolidated view of customer information to help banks deliver improved services at a competitive price. Thiscan assist banks in building stronger, more profitable relationships and increased customer loyalty. Ambit's process automation helps reduce manual intervention and boost operational efficiency to help lower cost and improve agility throughout the lending lifecycle. The solution also helps banks better manage credit quality and the associated risks as well as helps ensure regulatory compliance.
Andy Schmidt, research director of CEB TowerGroup’s Banking and Payments Practice commented, "Since the financial crisis, the majority of banks have taken a severe hit to their overall ROE. In the US, revenue streams have diminished yet regulatory capital demands and deleveraging have increased the cost of doing business. As the principal business activity for most commercial banks, lending operations must become a strategic area of technology investment for banks to achieve differentiated performance in this area.”
Vincent Kroening, market manager, Commercial Credit solutions, SunGard, said, “Today, banks operate in a competitive, low-loyalty environment, within a complex regulatory framework. As one of the few growth areas still available to US banks, commercial lending offers an avenue to restore lost profitability. In order for banks to capitalize on this opportunity, they must focus on enhancing efficiencies front-to-back and on providing a better product and service to their customer. Ambit Commercial Lender helps banks do this with accurate, timely information, automated processing and greater transparency.”
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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.
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 is ranked 480 on the Fortune 500. 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.