Digital Finance, Cryptofinance Daily News | Innovation, Transformation


Leading Pakistani Bank Implements SunGard’s Ambit Core Banking System in Growth Drive

Faysal Bank Limited, a leading Pakistani bank engaged in Corporate, Commercial, Retail and Islamic banking activities, has implemented SunGard’s Ambit Core Banking solution to help drive operational and cost efficiencies, optimize profitability and support future growth.

Following its acquisition of Royal Bank of Scotland’s (RBS) Pakistan operations, Faysal Bank needed to upgrade its core banking infrastructure to support its growing network of more than 265 branches and the bank’s future expansion plans. An Ambit Core Banking user since 2004, Faysal Bank opted to migrate the acquired operations on to SunGard’s solution and upgrade its entire core banking infrastructure to the latest release of the platform.

SunGard’s Ambit Core Banking provides Faysal Bank with a single, fully integrated system which seamlessly interfaces with other enterprise applications. The latest release offers the bank proven functionality to support its five year growth strategy and has helped the bank replace 19 systems for improved efficiency, lower cost and reduced risk.

Faysal Bank also uses Ambit Treasury Management, which is integrated with Ambit Core Banking.

“Having worked with SunGard for almost a decade, we have first-hand experience of the company’s solutions and services strengths. Its commitment to roadmap alignment with client requirements is key to providing the technology needed to help drive our growth strategy. The enhancements to the latest version of Ambit Core Banking have helped us to build sub modules in the system to reduce the number of interfacing applications. This has been integral to helping us simplify and streamline our operations for improved performance.”
-- Naved A. Khan, President & CEO, Faysal Bank Limited

“With external drivers of change continuing to place higher demands on banks globally, renovation of core banking systems is becoming a pre-requisite to future profitability strategies. SunGard is committed to helping banks like Faysal Bank build future proofed core banking architectures that deliver the scale and technological excellence to help drive successful, sustainable performance.”
-- Jochen Schneider, chief operating officer, SunGard's retail banking business

About SunGard Financial Systems
SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. These solutions address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents. In addition, we also provide professional services that focus on application implementation and integration of these solutions and on custom software development.

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Vendredi 31 Janvier 2014

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