Fintech powerhouse SunGard has unveiled an integrated package of products and services for retail, commercial and private banks that will utilise the vendor's common services architecture framework for plug-and-play connectivity.
The new package, called Ambit, is comprised of functionality for the front, middle and back office from SunGard's Apsys, BancWare, AvantGard, STeP and System Access products. The package covers areas such as core banking as well as applications to support finance, risk and compliance.
Ambit makes use of SunGard's Infinity framework which means that all the applications in the package will eventually be available on a "software-as-a-service" basis.
"Customers will be able to use SunGard's banking software assets by orchestrating business requirements across applications, as well as integrating Ambit components with their own proprietary or third-party applications," says SunGard in a statement.
Commenting on the Ambit offering, Ken Dummitt, president of SunGard's banks and corporations business, says: "Our customers have told us that we can help them achieve their business objectives by doing three things: reduce the number of systems that underpin their business; improve the flexibility and extensibility of the systems that remain; and reduce the number of software vendors they use. Ambit gives banks a way to address each of these objectives."
SunGard's CSA framework, which the vendor began developing in 2002, uses a service-orientated architecture (SOA) approach to link its disparate packages and enable customers to selects component-based services on a hosted basis.
The vendor began testing the service with a number of unnamed banks last year.