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Bank Gutenberg live on SunGard Ambit Private Banking suite

11 April 2011  |  2908 views  |  0 Source: SunGard

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 Banking, Ambit Client Information Management and Ambit Mobile Banking.

SunGard's Ambit Private Banking solution suite has helped the bank establish a client-centric private banking institution that delivers trusted and independent advice. With Ambit, Gutenberg Bank's wealth managers gain a single, integrated view of their clients' investment position. This is helping them enhance their advisory and financial planning models and achieve greater competitiveness.

Bank Gutenberg is using Ambit Core Banking to provide the technical infrastructure behind its new private banking and wealth management services. Ambit Client Information Management separates client confidential data from portfolio positions within the bank. SunGard's Ambit Mobile Banking helps Bank Gutenberg provide clients with immediate global access to their portfolio via a secure iPad application. This enhanced transparency helps clients and external asset managers more efficiently monitor and manage portfolios.

Michael Widmer, chief executive officer of Bank Gutenberg, said, "Thanks to SunGard's deep industry expertise and delivery excellence, we were able to go live on the Ambit Private Banking solution suite within a demanding timescale and within budget which was critical as the technology needed to be in place in order to launch the new bank. SunGard provided private banking technology infrastructure that delivers operational efficiency and helps us offer competitive products and services."

Daniel Bardini, chief operating officer of SunGard's Ambit Private Banking business unit, said, "SunGard's range of proven banking solutions helps financial institutions effectively manage their core assets and become well-managed banks. With SunGard's Ambit Private Banking solution suite, Bank Gutenberg has established a private banking system focused on client-centricity with streamlined operational processes. By managing all banking activity via a single platform, we are able to help Bank Gutenberg offer high levels of client service, while providing a lower total cost of ownership."

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