SunGard and Custom Credit Systems to Create an End-to-End Commercial Lending Solution
July 19, 2011 — New York, NY
SunGard will build an integrated, end-to-end commercial lending solution, working with Custom Credit Systems (CCS), a provider of credit processing and maintenance systems. The solution will help banks seamlessly process complex corporate origination and improve transparency and efficiency of the credit management lifecycle.
SunGard’s Ambit Credit Assessment will be integrated with CCS’s CustomLender solution. This will combine SunGard’s comprehensive and standardized approach for analyzing customer credit quality that facilitates loan approvals and ongoing credit compliance, with CCS’s workflow to manage all aspects of commercial lending with ease and efficiency. SunGard will also develop expertise in CustomLender to help manage implementations, develop extensions and integrate with other components of SunGard’s Ambit solution suite.
Andreas Hug, chief operating officer for SunGard’s Ambit Risk & Performance Management business unit, said, “Banks worldwide are looking to re-evaluate processes to manage their commercial credit operations in light of the ongoing deterioration of the real estate market and further tightening of regulatory requirements that will impact profitability. SunGard’s end-to-end credit risk management platform will help banks operate with the consistency they need to more effectively and actively manage their portfolios.”
About Custom Credit Systems
Custom Credit Systems is a premier provider of integrated, end-to-end, straight through credit processing and credit maintenance systems, via its CustomLender® product suite and other specialty modules. Custom Credit Systems has supported the unique needs of the leading financial institutions in the United States for over 19 years. Several top ten financial institutions in the United States use Custom Credit Systems products to streamline their operations, provide better customer service and enhance their return to shareholders. The company is also a leading innovator of technology to support the complex processing needs of the financial services industry. For more information visit the company’s Web site at www.customcreditsystems.com.
SunGard's Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and performance. Ambit helps banks retain and acquire customers, improve staff efficiency and effectively measure and allocate their capital. For more information, visit www.sungard.com/ambit.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, please visit SunGard at www.sungard.com.
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