Bank in a Box
The World Trade Organization (WTO) envisions a global market that is based on competition. As countries become members of the WTO, their domestic banking industry is opened to larger foreign banks with more marketing muscle and resources, and better products and business processes.
As a result, some domestic banks will not survive while others will merge operations. For those who choose to compete, the need to scale and embrace international banking best practice is paramount. To succeed, banks must move quickly or lose customers as larger competitors take action.
SunGard can help. We are working with our customers in countries such as Vietnam and Pakistan to implement our turnkey “Bank in a Box” solution. Based on SunGard’s Ambit Core Banking solution, this pioneering approach helps domestic banks by providing:
- Quick implementation – instead of relying on heavy customizations, banks can modify their business processes to conform to the recommended international best practices already built in SunGard’s Ambit Core Banking solution
- Localized international product – more than just delivering a software product that supports local language, currency, and reporting requirements, SunGard works with our customers in the adoption of international best practices for their business operations
- Competitive pricing – a turnkey “Bank in a Box” is an affordable, easy-to-implement solution
- Local support from a trusted partner for the long term