18 July 2018
Visit www.avoka.com

SunGard launches Ambit Commercial Lender

11 July 2012  |  1921 views  |  0 Source: SunGard

SunGard has launched Ambit Commercial Lender, a new solution that will help banks improve their commercial lending operations and rebuild return on equity (ROE).

Ambit Commercial Lender provides end-to-end support for all aspects of the commercial lending lifecycle, including application processing, credit assessment, approval, document preparation, loan boarding, servicing and portfolio management.

SunGard's Ambit Commercial Lender brings the commercial lending process onto a single platform, providing a consolidated view of customer information to help banks deliver improved services at a competitive price. This can assist banks in building stronger, more profitable relationships and increased customer loyalty. Ambit's process automation helps reduce manual intervention and boost operational efficiency to help lower costs and improve agility throughout the lending lifecycle. The solution also helps banks better manage credit quality and the associated risks as well as helps ensure regulatory compliance.

Andy Schmidt, research director of CEB TowerGroup's Banking and Payments Practice commented, "Since the financial crisis, the majority of banks have taken a severe hit to their overall ROE. In the US, revenue streams have diminished yet regulatory capital demands and deleveraging have increased the cost of doing business. As the principal business activity for most commercial banks, lending operations must become a strategic area of technology investment for banks to achieve differentiated performance in this area."

Vincent Kroening, market manager, Commercial Credit solutions, SunGard, said, "Today, banks operate in a competitive, low-loyalty environment, within a complex regulatory framework. As one of the few growth areas still available to US banks, commercial lending offers an avenue to restore lost profitability. In order for banks to capitalize on this opportunity, they must focus on enhancing efficiencies front-to-back and on providing a better product and service to their customer. Ambit Commercial Lender helps banks do this with accurate, timely information, automated processing and greater transparency." 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit https://secure.vasco.comVisit info.nice.com

Top topics

Most viewed Most shared
Metro Bank opens developer portalMetro Bank opens developer portal
9785 views comments | 5 tweets | 14 linkedin
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
9592 views comments | 3 tweets | 7 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9337 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
8563 views 19 comments | 14 tweets | 30 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
8033 views comments | 1 tweets | 5 linkedin

Featured job

Find your next job