List of fis global customers last updated on 20160930 00. Apr 23, 2008 ambit allows sungard to be a transformation partner for our customers on their journey to becoming bank of the future. Fis sheds ambit private banking core software business. Sal has a 25 year track record of successfully delivering proven financial institution class core software and. Sungards core banking business currently branded as ambit core banking originates from system access, a singaporebased banking technology provider. Silverlake symmetri core banking provides a centralised set of enterprisewide customer definition and product parameters on one technology platform. Ambits soa foundation will enable banking customers to use sungards banking software assets by.
Arab bank switzerland has been using it for over a decade, banking technology understands. Silverlake axis ltd acquires sungard ambit singapore. Bda advises sungard on the sale of its singaporebased retail. The original core solution, symbols, was later acquired by sungard and renamed ambit core banking. For managing atm and pos network, a switching software is needed. Sungard has more than 20,000 employees and serves 25,000 customers in 70 countries. List of sungard ambit customers apps run the world. Banking and finance software users list infoclutch.
On the way out is the legacy ambit private banking system from sungard fis. Core banking transformation retail and commercial banking coverage. 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. Sungard ambit customer management solution suite sungard s ambit customer management is a suite of personal banking solutions helping banks resolve the dichotomy between fulfilling clients demands for an enhanced experience with their own need to optimize these. Sungard launches new version of its ambit core banking. Singapore, 18 september 2015 singapore exchange mainboard listed silverlake axis ltd silverlake axis or the group, a leading provider of digital economy solutions and services to major organisations in banking and financial services, payments, retail and logistics businesses, is buying sungard ambit singapore pte. The ambit core banking solution is a servicesoriented architecture that has helped our clients in rapid adoption of leading industry practices and embracing. Sungard launches new banking software computer business. The universal banking systems report report has been added to s offering. Core banking systems case studies is a compilation of banking.
Ambit brings the technology of a range of sungard solutions in an environment which provides an infrastructure for creating, registering, developing, integrating, deploying, running and managing its applications as software services. Fast track your research by exploring our data quadrant, sorting the software, purchasing our banking transaction management category report, or diving deeper into an individual product. Fis formerly sungard data systems back to integration fis, a global leader in banking and payments technology, as well as consulting and outsourcing solutions, recently acquired sungard, one of the worlds leading financial software and technology services companies. T24 for microfinance and community banking mcb formerly emerge. This environment provides the infrastructure for creating, registering, developing, integrating, deploying, running and managing sungard s ambit applications as software services. Sungards ambit card management solution suite includes universal card, atm management and 3d secure systems, designed to help both cardacquiring and cardissuing banks run efficient, flexible, secure operations. About ambit retail banking sungards solutions for retail banking cover core banking, multichannel customer management. Our banking consultants make technology work for banks. Jun 26, 2012 janice marie gruenberg, sungard philippines manager, said during the media event that sungard is the largest financial software vendor in the world with nine out of 10 banks using ambit core. Recent core bank and bank software transactions april 10, 2017 financial terms undisclosed fis inherited ambit private banking via its 2015 acquisition of sungard. As the global financial crisis continues to take its toll on financial institutions and countries worldwide, sungard introduces its ambit core banking solution that aims to. About sungard sungard is one of the worlds leading software and technology services companies. On the way out is the legacy ambit private banking system from sungardfis. Ambit makes use of sungards infinity, a software development environment, business process management platform and ondemand softwareasaservice delivery mechanism.
Sungard s ambit core banking is a solution specifically designed to help you meet these challenges headon. Sungard has launched ambit, a new brand and a new software strategy for its banking systems. Companies using sungard ambit for core banking software include. The asset finance industry is not only growing fast but evolving quickly as more customers now expect a digital experience similar to online retail. Ambit ebs enterprise banking suite core banking retail banking, corporate banking formerly system access symbols 5. Fis offloads ambit biz to new access banking software finextra. Apr 29, 2010 erste bank ukraine, a member of erste group, has implemented sungards ambit core banking to help support its customercentricity strategy. Fis sheds ambit private banking core software business fintech. Switzerlandbased new access specialises in frontend solutions for the private banking industry. The sungard ambit customer wins are being incorporated in our enterprise applications buyer insight and technographics customer database which has over 100 data fields that detail company usage of trm software systems and their digital transformation initiatives. With asset finance companies facing changing regulation, competitive pressures and tight margins, the ambit asset finance software solution can help you. Temenos corebanking tcb 2,2,2,1,1,1 3 infosys technologies finacle 3,3,3,3,3,3 4 fis fidelity. It is an indispensable tool for banks, as well as consultants, integrators, analysts and suppliers themselves.
Core banking systems case studies is a compilation of over 50 reallife banking. Apr 24, 2008 ambit makes use of sungard s infinity, a software development environment, business process management platform and ondemand software asaservice delivery mechanism. Sungard serves more than 25,000 customers in more than 50 countries, including the worlds 50 largest financial services companies. This is to ensure the consistency of your customer data, activities and processes. Sungards ambit asset liability management alm solution can help you not only. Ambit ebs enterprise banking suite core banking retail banking, corporate banking formerly system access symbols. Cbss typically include deposit, loan and credit processing capabilities, with interfaces to general ledger systems and reporting tools.
The name of the company originally was an acronym which stood for sun. Ambit provides banking professionals with software solutions that support front, middle and. Sungards ambit core banking is a solution specifically designed to help you meet these challenges headon. The acquisition uniquely positions fis to offer a broad range of enterprise banking and capital markets capabilities that will further empower the financial industry worldwide. Bank gutenberg goes live on sungards ambit private. Core banking solutions for small banks banker middle east. Swift acquires ambit messaging hub from sungard press. Ambit core banking now includes balance sheet and risk management tools embedded into the core banking system in addition to retai. The allcash acquisition will position silverlake in the market for midtier retail banking software and services, adding more than 50 new customers to its current base of over 150 client locations. Fis formerly sungard data systems rimes technologies. Our data for sungard ambit usage goes back as far as 3 years and 8 months.
Sungard introduces new solution to improve banking services. Ambit s soa foundation will enable banking customers to use sungard s banking software assets by. Ambit asset focus alm ambit bancware liability management. Fis provides financial software, worldclass services and global business solutions. Sungard ambit is most often used by companies with 0 employees and m dollars in revenue. Sungard s core banking business currently branded as ambit core banking originates from system access, a singaporebased banking technology provider. Sungards ambit customer management suite provides banks with the tools necessary to implement a balanced approach to enhancing the customer experience and optimizing their interactions for higher riskadjusted profitability. Ambit private banking was one of a myriad of purchases made by sungard. So, as fis is busy with the takeover of fellow us vendor sungard, the latter is shedding business that is not likely to be of any use to the new owners. For credit card issuance and transaction authorization, credit card software is used.
Application security of core banking systems a first. With this acquisition, it has gained a suite of products for core banking the system formerly known as apsys, client management. Banking consultants, pmi is an independent international management consultancy that specializes in financial sector projects. Choose business it software and services with confidence. The firms flagship offering for core banking needs, the ambit core banking acb solution, has helped many banks in managing and organizing their balance sheet growth. Its retail core banking offering, known as symbols, has been around since the late 1980s and gained good traction in asia. The pennsylvaniabased software solutions provider, sungard, offers a host of financeoriented solutions designed to ease banking operations for clients around the world. Erste bank ukraine, a member of erste group, has implemented sungards ambit core banking to help support its customercentricity strategy. The global thirdparty banking software market is forecast to grow at a cagr of 6. It has also amped up its core banking platform, ambit, to help banks build more robust online banking capabilities, and to support the alwayson needs of mobile banking transactions. It was formed in 1983, as a spinoff of the computer services division of sun oil company. Sungard was an american multinational company based in wayne, pennsylvania, which provided software and services to education, financial services, and public sector organizations.
Sungard, one of the worlds largest software companies, has taken a dramatic turn toward banking innovation. Ambit asset finance commercial lending solutions fis. Sungard to unveil retail mobile banking platform by yearend. Jul 23, 2012 crown agents bank has selected sungards ambit core banking solution to help boost operational efficiency and reduce costs. Crown agents bank has selected sungard s ambit core banking solution to help boost operational efficiency and reduce costs. Later that year, fis got rid of sungards other core banking software business, ambit core banking formerly known as system access. Raymond kwong was a moderator for the roundtable session. The sungard solution will replace the banks legacy system, helping modernize its architecture. 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.
Gartner defines a core banking system cbs as a backend system that processes daily banking transactions and posts updates to accounts and other financial records. Its flagship core banking system has around 40 users, predominantly in switzerland. Global universal banking systems report 2018 the leading. The banker top world banks, 2007 sungard is pursuing a visionary initiative to transform some of the key functionality of its core systems into components to form a new software development and ondemand. Leveraging trends like mobile, online, and tablet banking into their offerings, sungard has helped banks in incorporating these trends into the workflow. Fis, a global leader in banking and payments technology, as well as consulting and outsourcing solutions, recently acquired sungard, one of the worlds leading financial software and technology services companies. The companies using sungard ambit are most often found in united states and in the banking industry. Sep 10, 2014 datapro eibs core banking 19 sungard ambit ambit ebs enterprise banking suite core banking retail banking, corporate banking formerly system access symbols ambit ebs 20 neptune software rubikon universal core banking system java platform new 2008, orbit microfinance retail banking, equinox. About ambit retail banking sungard s solutions for retail banking cover core banking, multichannel customer management.
Datapro eibs core banking 19 sungard ambit ambit ebs enterprise banking suite core banking retail banking, corporate banking formerly system access symbols ambit ebs 20 neptune software rubikon universal core banking system java platform new 2008, orbit microfinance retail banking, equinox. Crown agents bank selects sungards ambit core banking. With this list, you can approach financial analysts and stock market professionals using products such as. Apr 30, 2008 ambit brings the technology of a range of sungard solutions in an environment which provides an infrastructure for creating, registering, developing, integrating, deploying, running and managing its applications as software services.
Thus, the core banking software unit known as ambit core banking has been sold to rival banking technology provider, silverlake axis. The software used for opening bank account by deposit and loan customers, and recording their transactions is called core banking software. But this year, sungard says it has seen the greatest demand from banks that need help navigating the postdoddfrank act regulatory landscape. Sungard provides software and processing solutions for financial services, higher education and the public sector.
It would have been better if there would be a islamic version to support islamic banking. Asset liability management committee alco can be delivered in the form of standard or customized reports, as well as webbased dashboards, providing a granular view of risk and facilitating decisionmaking. Wealth management and private banking systems report from ibs intelligence provides everything you need to know to make a fully qualified selection decision. Application security of core banking systems a first reality. Sungard had a number of products using the ambit brand, as you say, the core banking product set which used to be symbols was previously.
Coo of sungard s retail banking business expressed, sungard has always been focused on driving our businesses in a direction which delivers more value to our clients. Sungards ambit core system was the preferred option, states saladino, as the bank liked its functionality set and its modern underlying technology the system went through a complete overhaul over the last couple of years. Ambit core banking was first deployed in 1992 by system access. This report will bring you right up to date with the leading retail and universal core banking. One of the key factors contributing to this market growth is the need for. Arm yourself with real data so you can make better decisions with more confidence. Vendor application software system last 6 irankings more information link 1 oracle financial services software formerly iflex solutions flexcube.
Fintech powerhouse sungard has unveiled an integrated package of products and services for retail, commercial and private banks that will. Initial release of ambit focused on crm and channel and retail banking front office space. The solution is based on avaloq banking suite, the vendors flagship core software offering for private banks. Each quarter our research team identifies companies that are using fis global applications such as sungard avantgard treasury for treasury management systems, sungard iworks for trading and risk management, fis core banking for core banking solutions, sungard quantum for treasury and risk management, fis sungard investran for asset management. Sungard introduces ambit banking software framework finextra.
Sungard sheds ambit core banking software business ibs. This environment provides the infrastructure for creating, registering, developing, integrating, deploying, running and managing sungards ambit applications as software services. Silverlake axis took part in the 18th malaysian banking summit moving forward in a new financial landscape whereby our group executive chairman, mr. Pkb privatbank live with ambit private banking system from. One of the leading core banking solutions in the world today, ambit core banking covers the entire spectrum of your bank s business from retail to commercial banking. Sungard s ambit customer management is a suite of personal banking solutions helping banks resolve the dichotomy between fulfilling clients demands for an enhanced experience with their own need to optimize these relationships for higher riskadjusted profitability. Bank gutenberg ag, a private banking subsidiary of the cat group ag, has implemented sungard s ambit private banking solution suite, and is now live on ambit core. Erste bank ukraine deploys sungards ambit core banking to. Sungards ambit is a banking solution suite for retail, commercial and private banks. List of banking software global brands magazineglobal. Arab bank switzerland ditches fissungard core system for.
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. It provides banking professionals with solutions that support front, middle and backoffice operations, as well as solutions for financial management, risk and compliance. Fis will also gain a range of solutions in investmentasset management, trading and risk management space, plus a core banking system, ambit core banking. Ambit core banking is a scalable, customercentric and integrated system that provides banks with an endtoend integrated retail banking platform for deposits, lending and payments. The transaction, which is subject to a number of closing conditions that are expected to be fulfilled by the end of the quarter, strengthens the. Fis ambit treasury management addresses the strategic, operational and risk management requirements of a banks treasury, across the front, middle and backoffice, helping the treasurer to safeguard and steward the banks financial assets and effectively manage its liabilities. Ambit provides banking professionals with software solutions that support front, middle and back. The companys line of business includes designing, developing, and producing prepackaged computer software. One of the leading core banking solutions in the world today, ambit core banking covers the entire spectrum of your banks business from retail to commercial banking. Sungard introduces new solution to improve banking. Sungard also helps informationdependent enterprises of all types to ensure the continuity of their business.
New access buys ambit private banking business from fis sungard fis has sold its swiss core banking software business, ambit private banking, which it inherited with the acquisition of sungard, to new access banking software. Let us help you compete and win in todays chaotic marketplace. Sungard is continuing to migrate all existing functionality to a serviceoriented architecture. Goh peng ooi was a speaker and group managing director, dr. Bda partners is pleased to announce that its client, sungard data systems inc, a usbased financial software company, has agreed to sell its retail banking software business, sungard ambit. Fis has sold its swiss core banking software business, ambit private banking, which it inherited with the acquisition of sungard, to new access banking software switzerlandbased new access specialises in frontend solutions for the private banking industry. Oct 12, 2011 but this year, sungard says it has seen the greatest demand from banks that need help navigating the postdoddfrank act regulatory landscape.