LONDON, October 29 /PRNewswire/ --
SunGard has packaged its Ambit Payments solution together with Sun Microsystems' software and hardware to deliver a pre-tested and pre-configured solution for corporate payments. The new solution, Ambit Corporate Payments Express, will be offered as an off-the-shelf solution that will help banks capture new corporate payments and cash management services business (www.sungard.com/ambit).
Ambit Corporate Payments Express will offer banks a cash management and payments solution for corporate services, which can scale easily as more clients are acquired and more users are needed. A SOX-compliant white-labelled solution, it is designed to help provide secure payments processing, support multiple formats, payments and instruments, and help achieve ease of integration and connection. Banks will be able to offer corporate clients a global payments service that will help streamline the processing and management of payments and account statements, improve visibility into payment streams and cash flows, and manage the complexity of connectivity with internal and external systems - including SWIFT.
The solution will be deployed on selected Sun SPARC Enterprise CMT servers with CoolThreads technology. It will also be deployed on Intel Xeon Sun Fire x64 server platforms running Solaris Cluster technology in combination with GlassFish (standards-based Java EE), Java CAPS Financial EAI and the MySQL database servers. Sun systems with CoolThreads technology will help customers tackle the demands of secure Web-scale computing while helping to reduce space and energy consumption.
Ambreesh Khanna, global head of financial services at Sun Microsystems, commented: By leveraging Sun's technology, SunGard has created a unique pre-packaged corporate payments solution. We expect that Ambit Corporate Payments Express will help banks improve time-to-market and reduce risk as the solution has been tested, benchmarked and pre-configured. The solution's underlying infrastructure software and hardware stack has been optimized for performance, allowing banks to host a maximum number of corporate clients on a single configuration, helping to improve total cost-of-ownership.
Kevin Ferguson, senior vice president, business development for SunGard's banks and corporation business, said: In today's volatile climate, corporations are focused on improving their liquidity management and are relying on their bank to provide the appropriate services. Additionally, banks are looking to capture new corporate customers by entering new areas. They must therefore be able to offer payment services that assist with automation, process optimization and international expansion. Ambit Corporate Payments Express will help banks offer these services quickly and efficiently.
About Sun Microsystems
Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- The Network is the Computer -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://www.sun.com
About SunGard Ambit
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.
About SunGard
With annual revenue of US$5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Ambit are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries.
Sun, Sun Microsystems, the Sun logo, Java, Solaris, CoolThreads and MySQL are trademarks or registered trademarks of Sun Microsystems, Inc. or its subsidiaries in the United States and other countries. All SPARC trademarks are used under license and are trademarks or registered trademarks of SPARC, International, Inc. in the US and other countries. Products bearing SPARC trademarks are based upon an architecture developed by Sun Microsystems, Inc. Intel and Xeon are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
For more information, contact: Toby West SunGard Tel: +44-208-081-2426 E-mail: toby.west@sungard.com
Web site: http://www.sungard.com
Toby West, +44-208-081-2426, toby.west@sungard.com, of SunGard
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