SunGard to launch Ambit in Sri Lanka

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, its developer, said.

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, the company added.

Ken Dummitt, president of SunGard’s banks and corporations business, commented: “Banks in Sri Lanka are transforming their core business models to adapt to new industry drivers. Intensifying competition due to increased regulation and globalization has led them to adopt international best practices and enhance their business agility. Moreover, they need to understand and meet the needs of an increasingly demanding customer base — or risk losing out to competitors.”