Saxo Bank managing director and chief operating officer Ian Keates said SunGard’s ASP center for Ambit Private Banking has helped the company to reduce upfront investment costs and transfer to a pay-as-you-go model that will allow it to match revenue with costs.
"SunGard’s Ambit Private Banking solution will also help us improve operational efficiency, mitigate risks and gives us the ability to sharpen our client focus by not having to worry about IT," Keates said.
Ambit enables banking firms to retain and acquire customers, improve staff efficiency and effectively measure and allocate their capital, claims Saxo Bank.
Saxo Bank has transferred its IT infrastructure and maintenance to SunGard, which will help the bank to reduce IT operational and hardware costs, while assisting its IT on-demand and access SunGard’s dedicated expertise whenever needed.
Saxo Bank, a subsidiary of the Saxo Bank Group specializes in online trading of FOREX, CFDs, ETFs, stocks, futures, options and other derivatives.
