SunGard unveils new banking software strategy

SunGard announced that Ambit, a new brand and a new software strategy for its solutions for retail, commercial and private banks, will become available in Sri Lanka in June.

SunGard's Ambit brings together the technology of a range of SunGard solutions and the experience of a global team of industry experts that already serve more than 800 banks in 70 countries, including 41 of the world's top 50 banks.

Ambit provides banking professionals with software solutions that support front, middle and back-office operations as well as solutions for financial management, risk and compliance.

President of SunGard's banks and corporations business, Ken Dummitt commented: "Banks in Sri Lanka are transforming their core-business models to adapt to new industry drivers. Intensifying competition due to increased regulation and globalisation has led them to adopt international best practices and enhance their business agility.