New Access Banking Software, a global provider of critical front-office software solutions to the private banking industry, announced today the acquisition of the Ambit Private Banking business from FIS™. The Ambit Private Banking business, provides a comprehensive suite of software solutions, including Apsys and CIM, designed to help Swiss and international private banks to build a strong competitive advantage. The solution suite includes core banking, client management, analysis and control, market management, fund accounting and alternative investments solutions.
This transaction will create significant commercial synergies between New Access and Ambit Private Banking solutions. It will also allow the group to further invest in R&D to develop software solutions adapted to the private banking market shaped by disruptive technologies, and tightening regulatory requirements. “New Access’ solutions are aimed at turning these challenges into opportunities, and getting tangible benefits for their customers”, said Vitus Rotzer, General Manager of the Ambit Private Banking business, who becomes Managing Director responsible for business development of the combined group. “We are confident the addition of the Ambit Private Banking solution will benefit customers of both businesses through an enriched product and services offering, while bringing a comprehensive, integrated solution to the private banking market.”