London, UK (Vocus) September 10, 2009
Commerzbank , one of the leading banks in Germany for private and corporate customers, has chosen SunGard's Ambit Messaging Hub to process all of its FileAct and InterAct traffic. Previously using SunGard's Ambit MINT messaging platform, Commerzbank decided to migrate to the Ambit Messaging Hub, which supports all FileAct and InterAct modes for multiple banking relationships.
SunGard's Ambit Messaging Hub provides a bridge between existing back-office systems and dynamic outbound channels. Ambit Messaging Hub facilitates connectivity to business services and helps banks adapt to new standards while minimizing changes to their core infrastructure.
"SunGard's Ambit Messaging Hub for FileAct and InterAct has helped us serve our large corporate customers in a very flexible way and with less strain on our IT resources," said Gert Ulott, SWIFT IT Services of Commerzbank AG. "It was a natural step for Commerzbank to migrate from Ambit MINT to the Ambit Messaging Hub as our needs and the needs of our customers have evolved. We are now migrating all related flows to the new platform, including all EBA STEP2 traffic."
Hans Cobben, executive vice president, global messaging for SunGard's Ambit Messaging business unit, commented: "Ambit Messaging Hub is a flexible and cost-effective application for financial messaging. We are pleased to see that our customers are subscribing to our strategy of migrating from MINT to Ambit Messaging Hub. We look forward to deepening our relationship with Commerzbank as it continues to grow and adapt to advances in messaging technology."
Commerzbank is the second largest credit institution in Germany, and one of Europe's major banks. With the merging of Dresdner Bank into Commerzbank in May 2009, Commerzbank is now additionally one of the leading banks for private and corporate customers in Germany. The new Commerzbank has a total of around 14,5 million private and corporate customers worldwide.
Commerzbank sees its role as being that of an expert provider of services to private and business customers and to SMEs. In the future, the new Commerzbank will have around 1,200 branches, giving us the densest branch network of any German bank. Customers will benefit from an even more extensive and attractive range of products and advisory services. With its clear commitment to the German market, Commerzbank is now an even stronger partner for the long term, combining the expertise of two institutions under one roof. To learn more about Commerzbank, please visit: http://www.commerzbank.de.
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 compliance. Ambit helps banks improve customer service management, streamline business processes, comply with regulations and capture growth opportunities. For more information, visit http://www.sungard.com/ambit.
SunGard is one of the world's leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world's 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher 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 exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at http://www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo. Ambit and MINT 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.
For more information, please contact:
Communications Manager, Financial Systems
Tel +44 208 081 2426
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