Press Releases
Schwyzer Kantonalbank Extends Relationship with SunGard’s Ambit for Standardized Financial Messaging
June 2, 2009 — Zurich
Schwyzer Kantonalbank (SZKB), the state bank of the Swiss canton of Schwyz, has extended its relationship with SunGard’s Ambit MINT, part of the Ambit Messaging solution suite. The solution gives SZKB connectivity to a number of financial networks, including SWIFT, SIC, euroSIC and SECOM, helping the bank improve operational efficiency, manage risk and reduce costs.
SunGard’s Ambit Messaging is a global solution that is able to handle SWIFTNet services as well as traditional SWIFT FIN and SIC/Secom Swiss local market clearing connectivity. It also includes versions of the ISO 20022 and ISO 15022 data dictionaries for MT-MX message coexistence.
Alphons Lindauer, information technology director for SZKB, commented: “Many Kantonal banksin Switzerland are using Ambit MINT to connect to SWIFT and Swiss financial networks. We have opted to continue our commitment with SunGard due to the strong trust we have developed with them.”
Hans Cobben, group vice president, global messaging solutions of SunGard’s banks business, commented: “This solution offers SZKB an integrated, multi-network solution, and also fits the bank’s functional integration and connectivity requirements. Ambit MINT will help SZKB manage its future business growth.”
SunGard’s Ambit MINT customers can leverage existing technology as well as extended functionality via the Ambit Messaging Hub. Together these solutions can help banks to meet existing messaging requirements as well as comply with future industry developments such as ISO 20022. The Ambit Messaging solution suite helps banks connect to a range of market infrastructures, including SWIFTNet (FIN, FileAct, InterAct), central banks, ACH and local clearing networks. The solution combines traditional infrastructure gateway capabilities such as queue management, straight-through processing (STP), message routing, translation and formatting, with a component-based J2EE architecture.
About Schwyzer Kantonalbank
Schwyzer Kantonalbank is the state bank of the canton of Schwyz. Founded in 1890, the bank provides a wide range of financial products and services including loans and credits, trading and asset management to regional private and corporate customers.
About SunGard Ambit
Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and compliance. Ambit helps banks improve customer service management, streamline business processes, comply with regulations and capture growth opportunities. For more information, visit www.sungard.com/ambit.
About SunGard
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo, Ambit and Mint are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.