The Ambit Reconciliation solution will help Union Bank optimize data and rules processing to perform faster reconciliation of high transaction volumes in increasingly shrinking operational processing windows. The new Web client is also helping the bank easily deploy the solution enterprise-wide, with minimum administrative overhead.
Implementation of the new version of Ambit Reconciliation builds on the success the bank has had with using the solution to date, and has enabled Union Bank to centralize all its reconciliations onto one platform replacing previously disparate systems, in order to help improve operational efficiencies and reduce costs. The bank also uses SunGardâs Global Plus wealth management solution, which interfaces seamlessly with the new platform.
Sandra Sherman, vice president, Trust & Custody Product Management at Union Bank, said, âThe new version of SunGardâs Ambit Reconciliation is a high performance solution for managing enterprise-wide reconciliations. The enhancements in features and functionality, processing capability and scalability in particular help us improve efficiency. Ambit Reconciliationâs matching algorithms help us accommodate a high number of additional transaction volumes and more complex instruments, while centralizing all reconciliations onto a single platform.â
Jennifer Hanes, executive vice president in SunGardâs banking business, said, âUnion Bank was able to upgrade to the latest version of Ambit Reconciliation easily, which helped it achieve gains in efficiency and performance. With the redesigned interface, the bankâs business users can create views tailored to their specific needs, without help from IT. With this flexibility, business users can get right to the data they need, helping them be more efficient and self-sufficient.â
*Ambit Reconciliation is a solution suite for tier 2-4 banking organizations, and incorporates SunGardâs IntelliMatch solution suite.