October 13, 2008

London-based SunGard has extended its Ambit global banking solution suite to include new anti-money laundering functionality.

Building on Ambit's core banking offering, Ambit Anti-Money Laundering, which is part of Ambit's risk management and compliance suite, will provide banks with watch-list checking, comprehensive monitoring of transactions and accounts to generate scored alerts, and case management facilities to help detect, pro-actively investigate and report on suspected money laundering activities. Providing implementation flexibility, the solution can be delivered as an installed application or in a hosted environment " a method that will help lower the total cost of ownership for small institutions.