Mandates and payments roundup, May 24

SunGard wins treasury mandate from Pakistan's United Bank, while the State Bank of India partners with Diebold for ATM deployment.

United Bank chooses treasury solution from SunGard

Pakistan’s United Bank UBL has implemented SunGard’s Ambit Treasury Management solution to help the consolidation of multiple systems across its treasury business onto a single platform.

“An integrated treasury management solution will help UBL eliminate unnecessary systems and manual processes and achieve best practices across its treasury function,” said Andrew Woods, executive vice-president of treasury for SunGard’s Ambit Corporate Banking business unit, in a statement. “Ambit Treasury Management consolidates enterprise information onto a single platform to offer a real-time view of risk and cash positions. The solution helps banks, such as UBL, provide a comprehensive service...

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