SunGard and Custom Credit Systems partner on commercial lending system

Source: SunGard

SunGard will build an integrated, end-to-end commercial lending solution, working with Custom Credit Systems (CCS), a provider of credit processing and maintenance systems.

The solution will help banks seamlessly process complex corporate origination and improve transparency and efficiency of the credit management lifecycle.

SunGard's Ambit Credit Assessment will be integrated with CCS's CustomLender solution. This will combine SunGard's comprehensive and standardized approach for analyzing customer credit quality that facilitates loan approvals and ongoing credit compliance, with CCS's workflow to manage all aspects of commercial lending with ease and efficiency. SunGard will also develop expertise in CustomLender to help manage implementations, develop extensions and integrate with other components of SunGard's Ambit solution suite.

Andreas Hug, chief operating officer for SunGard's Ambit Risk & Performance Management business unit, said, "Banks worldwide are looking to re-evaluate processes to manage their commercial credit operations in light of the ongoing deterioration of the real estate market and further tightening of regulatory requirements that will impact profitability. SunGard's end-to-end credit risk management platform will help banks operate with the consistency they need to more effectively and actively manage their portfolios." 

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