SunGard Launches Ambit Commercial Lender to Help Banks Improve the Lending Lifecycle

Boston, MA - 11 July 2012

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.”

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