SunGard upgrades Ambit anti-money laundering product

The new offering, Ambit Anti-Money Laundering, is part of Ambit's risk management and compliance suite; it will provide banks with watch-list checking, monitoring of transactions and accounts to generate scored alerts, and case management facilities to help detect, pro-actively investigate and report on suspected money laundering activities.

The new offering can be delivered as an installed application or deployed in a hosted environment.