SunGard Adds New AML Functionality to Global Banking Suite

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.

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio