SunGard, a provider of software and processing solutions for financial services, has added a new watchlist checking online compliance solution for corporations to its Ambit Anti-Money Laundering solution suite.
Reportedly, SunGard’s Infinity Software-as-a-Service (SaaS) platform, Ambit Customer Due Diligence, will help corporate risk and compliance officers to maintain compliance with domestic and international regulations and sanctions.
The company has claimed that the Ambit Customer Due Diligence provides web-based tools that help ensure security and compliance by resolving and verifying the identity of potential/current employees, customers, suppliers and business partners. It has also said that it helps customers comply with government anti-terrorist legislation and list checking regulations, help companies avoid the risk, financial losses and loss of reputation associated with non-compliance.
