In the light of current pressures on the financial services industry, the world’s third largest business applications software provider, SunGard, has upgraded its key credit, market risk management and operations suite of solutions.
SunGard has launched the latest version of its Adaptiv suite, which includes functional enhancements to areas such as collateral management, market risk and operational efficiency and control.
Adaptiv helps financial services institutions from the banking, hedge fund, asset management, insurance and corporate sectors with our deep understanding of risk management and operational processes.
With more than 25,000 customers in some 70 countries, SunGard counts the world’s 25 largest financial services companies among its clients.
Increasing demand
Brad Impey, chief technology officer for SunGard’s Front Arena and Adaptiv business units, said demand for collateral management automation was increasing as institutions tried to protect themselves against counterparty default.
In Adaptiv 2009.1, the collateral management application has been embedded into Adaptiv’s credit risk framework, a scalable, Web-based infrastructure with advanced workflow capabilities that can help improve customer transparency and reduce operational errors.
“Our customers are demanding increasingly sophisticated and accurate risk calculations, but with tighter time-frames. Adaptiv 2009.1 includes an incremental Monte Carlo engine that can deliver accurate simulation-based calculations in seconds for pre-deal limit checking.”
“Many banks have realised that they need to upgrade their market risk systems in the light of the recent crisis, yet at the same time, there is downward pressure on costs and an aversion to project risk,” Impey said.
Simplified implementation
“In response, we have simplified the implementation requirements of Adaptiv through new deployment models, such as packaging Adaptiv 360 with SunGard’s MarketMap to provide customers with risk functionality and market data in a hosted environment.”
Adaptiv 2009.1 enhancements also include an operations dashboard designed to help improve operational control by providing a holistic view of all back-office operations. It can assist managers to quickly identify potential bottlenecks and help ensure operational efficiency is maintained across the enterprise.
