London, England (PRWEB) July 23, 2012
Crown Agents Bank has selected SunGard’s Ambit Core Banking solution to help boost operational efficiency and reduce costs. The SunGard solution will replace the bank’s legacy system, helping modernize its architecture. Crown Agents Bank is a UK bank specializing in providing financial services to central banks, governments and charities.
The bank selected SunGard’s Ambit Core Banking because of its rich functionality and service-oriented architecture (SOA), which helps reduce maintenance and support costs. In addition to core operations, Ambit will also support the bank’s trade finance business. Moving these operations onto Ambit Core Banking will help deliver a single customer view and help the bank offer Web-based, front-end capabilities in this area for the first time.
Carol Pattullo, director of operations at Crown Agents Bank, said, “SunGard’s Ambit Core Banking is used by banks of our size as well as larger enterprises, which demonstrates its ability to handle a large range of volumes and support our planned growth.”
David Hamilton, president of SunGard’s banking business, said, “Crown Agents Bank’s decision to upgrade its core banking solution with SunGard’s Ambit Core Banking will help it run its operations more efficiently and cost-effectively through greater automation achieved by Ambit’s SOA-based infrastructure.”
Based on a service-oriented architecture and built to BIAN standards, SunGard’s Ambit Core Banking is a universal banking solution that provides comprehensive instrument and product coverage for retail deposits and lending, commercial banking, trade finance and treasury and balance sheet management. Ambit Core Banking helps banks more effectively manage increasing margin pressure and growth by helping them optimize their balance sheet profile and develop a strategic balance sheet management framework.
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 Crown Agents Bank
Crown Agents Bank provides banking, payment and related financial management services to governments and a wide range of other organisations. It works closely with the major international development aid agencies, and also supports non-governmental organisations and charities engaged in international development.
Besides foreign exchange, international payments, pension administration and trade finance services, Crown Agents offers training and capacity building in a number of specialist disciplines including financial training such as pensions governance, sovereign debt and reserves management and audit. For more information visit http://www.crownagentsbank.com
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.
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