A long-standing SunGard customer, Saxo Bank had previously deployed the solution in-house, prior to SunGard establishing a new ASP service in Switzerland last year.
With the move, Saxo Bank has transferred its IT infrastructure and maintenance to SunGard. SunGard claims that its ASP model is helping the Swiss bank to lower IT operational and hardware costs.
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Commenting on the new deployment, Ian Keates, managing director and chief operating officer of Saxo Bank, said, "SunGard’s ASP center for Ambit Private Banking has helped us to reduce upfront investment costs and transfer to a pay-as-you-go model that will allow us to match revenue with costs."
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