SunGard has packaged its Ambit Payments solution together with Sun Microsystems' software and hardware to deliver a pre-tested and pre-configured solution for corporate payments. The new solution, Ambit Corporate Payments Express, will be offered as an "off-the-shelf" solution that will help banks capture new corporate payments and cash management services business (www.sungard.com/ambit).
Ambit Corporate Payments Express will offer banks a cash management and payments solution for corporate services, which can scale easily as more clients are acquired and more users are needed. A SOX-compliant white-labelled solution, it is designed to help provide secure payments processing, support multiple formats, payments and instruments, and help achieve ease of integration and connection. Banks will be able to offer corporate clients a global payments service that will help streamline the processing and management of payments and account statements, improve visibility into payment streams and cash flows, and manage the complexity of connectivity with internal and external systems - including SWIFT.
The solution will be deployed on selected Sun SPARC Enterprise CMT servers with CoolThreads technology. It will also be deployed on Intel Xeon Sun Fire x64 server platforms running Solaris Cluster technology in combination with GlassFish (standards-based Java EE), Java CAPS Financial EAI and the MySQL database servers. Sun systems with CoolThreads technology will help customers tackle the demands of secure Web-scale computing while helping to reduce space and energy consumption.
Ambreesh Khanna, global head of financial services at Sun Microsystems, commented: "By leveraging Sun's technology, SunGard has created a unique pre-packaged corporate payments solution. We expect that Ambit Corporate Payments Express will help banks improve time-to-market and reduce risk as the solution has been tested, benchmarked and pre-configured. The solution's underlying infrastructure software and hardware stack has been optimized for performance, allowing banks to host a maximum number of corporate clients on a single configuration, helping to improve total cost-of-ownership."
Kevin Ferguson, senior vice president, business development for SunGard's banks and corporation business, said: "In today's volatile climate, corporations are focused on improving their liquidity management and are relying on their bank to provide the appropriate services. Additionally, banks are looking to capture new corporate customers by entering new areas. They must therefore be able to offer payment services that assist with automation, process optimization and international expansion. Ambit Corporate Payments Express will help banks offer these services quickly and efficiently."
Showing posts with label financial software. Show all posts
Showing posts with label financial software. Show all posts
Wednesday, 29 October 2008
Friday, 16 May 2008
CheckFree PaymentView from Fiserv
Fiserv, Inc. (NASDAQ: FISV), a leading provider of information technology services to the financial and insurance industries, today announced the release of its CheckFree PaymentView™ solution, a comprehensive, web-based payments monitoring system with a dashboard view across existing check, cash, wire, Automated Clearing House (ACH), credit and debit card activities. PaymentView gives banks of any size and their corporate treasury clients real-time risk management capabilities along with multiple operational cost-savings and fee income opportunities.
“PaymentView is an exciting solution using interactive Web 2.0 technology and is designed to offer our bank clients and their corporate customers an intuitive, personalized offering for operational and payment risk monitoring across all payment types,” said Sam Robb, vice president, global payment solutions, CheckFree, now part of Fiserv. “The business case for PaymentView is being justified by our customers who are reporting new corporate revenue opportunities through increased retention and share-of-wallet with their target customers. They are also reporting significant projected reductions in customer service and exception processing costs.”
The PaymentView solution leverages existing bank technology investments and features a series of key modules, including:
• Centralized end-to-end check monitoring, including source capture monitoring
• Real-time business process monitoring for more comprehensive compliance and risk management
• Real-time alerts about operational events that have the potential to result in losses
• Robust reporting and analytics functionality providing banks new treasury services revenue opportunities through corporate payments trending, historical performance and forecasting
According to a survey of U.S.-based corporate treasurers, conducted by The Marketing Workshop, Inc. in September 2007, 44 percent of respondents said gathering and compiling information across multiple payment systems was difficult within their organizations. The research also revealed that business customers have a lack of visibility into payment status to determine cash position and would value more data for liquidity, cost and risk management analysis. Additionally, respondents agreed that there is limited tracking of internal/external compliance activity and few proactive alerts in place to warn about issues that have the potential to result in losses. The CheckFree PaymentView™ solution is meant to address these issues.
“Many banks are working toward achieving a consolidated view across their payments operations and technology silos to improve efficiencies both internally and for their corporate clients,” said Susan Feinberg, research director for Wholesale Banking at TowerGroup. “Large and small banks alike are exploring an enterprise payments strategy and applying a more holistic approach to their payment architecture. By doing so, they can offer greater visibility of business processes to their corporate customers while improving their ability to manage risk across payment channels and payment methods.”
By design, the CheckFree PaymentView solution accesses and integrates information from various payment systems and delivers relevant information to the desktops of authorized employees throughout the organization. This solution includes dashboards, standard and user-defined summary information reports, detailed data about processing and tracking payment status, risk exposure, out-of-compliance situations and key performance indicators. It also delivers subscription-based, real-time alerts to operators and managers concerning operational events requiring attention such as process bottlenecks.
“PaymentView is an exciting solution using interactive Web 2.0 technology and is designed to offer our bank clients and their corporate customers an intuitive, personalized offering for operational and payment risk monitoring across all payment types,” said Sam Robb, vice president, global payment solutions, CheckFree, now part of Fiserv. “The business case for PaymentView is being justified by our customers who are reporting new corporate revenue opportunities through increased retention and share-of-wallet with their target customers. They are also reporting significant projected reductions in customer service and exception processing costs.”
The PaymentView solution leverages existing bank technology investments and features a series of key modules, including:
• Centralized end-to-end check monitoring, including source capture monitoring
• Real-time business process monitoring for more comprehensive compliance and risk management
• Real-time alerts about operational events that have the potential to result in losses
• Robust reporting and analytics functionality providing banks new treasury services revenue opportunities through corporate payments trending, historical performance and forecasting
According to a survey of U.S.-based corporate treasurers, conducted by The Marketing Workshop, Inc. in September 2007, 44 percent of respondents said gathering and compiling information across multiple payment systems was difficult within their organizations. The research also revealed that business customers have a lack of visibility into payment status to determine cash position and would value more data for liquidity, cost and risk management analysis. Additionally, respondents agreed that there is limited tracking of internal/external compliance activity and few proactive alerts in place to warn about issues that have the potential to result in losses. The CheckFree PaymentView™ solution is meant to address these issues.
“Many banks are working toward achieving a consolidated view across their payments operations and technology silos to improve efficiencies both internally and for their corporate clients,” said Susan Feinberg, research director for Wholesale Banking at TowerGroup. “Large and small banks alike are exploring an enterprise payments strategy and applying a more holistic approach to their payment architecture. By doing so, they can offer greater visibility of business processes to their corporate customers while improving their ability to manage risk across payment channels and payment methods.”
By design, the CheckFree PaymentView solution accesses and integrates information from various payment systems and delivers relevant information to the desktops of authorized employees throughout the organization. This solution includes dashboards, standard and user-defined summary information reports, detailed data about processing and tracking payment status, risk exposure, out-of-compliance situations and key performance indicators. It also delivers subscription-based, real-time alerts to operators and managers concerning operational events requiring attention such as process bottlenecks.
Thursday, 31 January 2008
Charles River in Japan Expansion
Charles River Development, (Charles River), an award-winning provider of financial software and services to the global investment management community, and Omgeo, a leading provider of post-execution trade management services, have expanded efforts to provide mutual clients in Japan with a full front- to back-office straight-through processing (STP) solution to automate processing of domestic and international trades, including settlement of Japanese equities. Japanese investment firms can leverage the Charles River Investment Management System (Charles River IMS) for global electronic trading via FIX (Financial Information eXchange) via the secure and private Charles River FIX Network. They can also link directly from Charles River IMS to Omgeo’s suite of products, including its Omgeo Central Trade Manager (Omgeo CTM), for trade matching
"We are expanding our regional presence and enhancing partner relationships to accommodate growing demand in Japan for Charles River’s products and services," said Cameron Field, Managing Director-Asia Pacific, Charles River Development. "As a member of Charles River’s Partner Integration Certification Program, Omgeo has a joint commitment with Charles River, which we are strengthening, to support mutual clients in Japan with integrated and seamless real-time trade matching."
Charles River was the first vendor to link directly to Omgeo CTM, and offers interfaces to Omgeo’s Oasys Global and Trade Match products through its Charles River Post-Trade module. Nearly 20 clients worldwide, including several in Japan, use Charles River IMS to link directly to Omgeo CTM. Charles River serves 18 clients in Japan, including three of country’s leading investment firms, who use Charles River IMS for domestic and international portfolio management, trading and compliance.
"Japan is an extremely important market for Omgeo. We are committed to helping clients achieve the efficiencies of true STP by partnering with leading service providers such as Charles River in the region," said David Estrada, Representative Director, Omgeo. "We have had a very close working relationship for many years, and we are excited to help our mutual clients go from strength to strength in their trade processing capabilities."
"We are expanding our regional presence and enhancing partner relationships to accommodate growing demand in Japan for Charles River’s products and services," said Cameron Field, Managing Director-Asia Pacific, Charles River Development. "As a member of Charles River’s Partner Integration Certification Program, Omgeo has a joint commitment with Charles River, which we are strengthening, to support mutual clients in Japan with integrated and seamless real-time trade matching."
Charles River was the first vendor to link directly to Omgeo CTM, and offers interfaces to Omgeo’s Oasys Global and Trade Match products through its Charles River Post-Trade module. Nearly 20 clients worldwide, including several in Japan, use Charles River IMS to link directly to Omgeo CTM. Charles River serves 18 clients in Japan, including three of country’s leading investment firms, who use Charles River IMS for domestic and international portfolio management, trading and compliance.
"Japan is an extremely important market for Omgeo. We are committed to helping clients achieve the efficiencies of true STP by partnering with leading service providers such as Charles River in the region," said David Estrada, Representative Director, Omgeo. "We have had a very close working relationship for many years, and we are excited to help our mutual clients go from strength to strength in their trade processing capabilities."
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