Payment news, July 27

Swift strengthens messaging relationship with SunGard, while banks and corporates in Vietnam choose Oracle's Flexcube core banking solution.
July 26, 2010

Swift acquires SunGard's AMH solution

The Society for Worldwide Interbank Financial Telecommunication Swift has announced the acquisition of SunGard's Ambit Messaging Hub AMH solution which is expected to be finalised by the end of the current quarter. The acquisition will strengthen ties between the two companies and will pave the way for SunGard's AvantGard Ecosystem Communications Hub, used for corporate-to-bank messaging, to take advantage of the Swift network as it is based on the AMH technology.

This agreement strengthens the relationship between Swift and SunGard. It brings together a combined network of more than 9,000 financial institutions and 2,500 corporations, said Ken Dummit, president of AvantGard, in...

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