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SunGard presents Ambit wealth management suite in Asia

SunGard has rolled out Ambit wealth management, a new front-to-back wealth management solution suite with mobile banking functionality, to enable private banks, wealth managers and family offices in Asia to improve client service and retention.

The technology will also leverage financial institutions in supervising profitability, increase employee productivity through better workflow, while also assisting to improve operational efficiency and cost, according to SunGard.

The system is equipped with a single, fully integrated and flexible platform, which helps Asian wealth managers adapt to changing market conditions by providing relationship managers with updated industry news, regulatory updates and detailed client information.

Its "single view" feature will permit relationship managers to tailor client services, while also helping ensure compliance with industry regulations.

Ambit Wealth Management consists of consolidate front and back office components including Ambit Wealth Strategist and Ambit Wealth Administrator.

Ambit Wealth Strategist is a multi-lingual, multi-regional front-office solution that allows relationship managers and advisors to obtain a complete client view and assists enhanced productivity through better workflow and improve service levels.

Ambit Wealth Administrator is an investment administration and accounting back office system, which helps streamline operations through the provision of standard accounting policies and structures across multiple currencies and asset classes.

With real-time information, the technology enables financial institutions to comply stringent regulatory requirements including the Foreign Account Tax Compliance Act (FATCA).

SunGard’s wealth and private banking business unit executive vice president Edward Lopez said, "The changing face of wealth management in Asia means financial services providers need to quickly address evolving regulation, growing investor demands, margin pressure and an increasingly educated customer base, in order to succeed in the region."