SunGard Tops Risk Magazine's Rankings for Credit Risk for Fourth Consecutive Year
WAYNE, Pa., Dec. 20, 2011 /PRNewswire/ -- SunGard has been named the top vendor for enterprise-wide credit risk management in Risk magazine's annual Risk Technology Rankings. This is the fourth consecutive year that SunGard has topped the credit risk management category. SunGard placed second overall in the enterprise-wide risk management section, as well as second in the liquidity risk management, risk aggregation, economic capital calculation, and asset and liability management sub-categories.
Risk, a leading financial risk management publication, established its annual technology rankings in 2004 to recognize best practice and innovation in the risk management industry by software vendors. Each year, users of risk management technology services are asked to name leading vendors in several categories based on functionality, usability, performance, return on investment and reliability. This year Risk polled thousands of banks, hedge funds, pension funds and insurance companies and received more than 800 valid responses.
SunGard's risk solutions include Adaptiv, an enterprise-wide credit and market risk management and operations solution suite. Adaptiv Credit Risk helps firms measure, manage and control their counterparty credit exposure in real-time across the enterprise. SunGard's Ambit solution suite for risk and performance helps banks gain a centralized view of risk, liquidity, capital and profitability across the enterprise for improved decision making and regulatory compliance.
Harold Finders, chief executive officer for SunGard Financial Systems, said, "The need for banks and other financial institutions to create an effective risk culture across the organization is greater than ever. SunGard's range of risk solutions helps customers throughout the finance industry comply with regulations and make better business decisions by achieving improved visibility and understanding of risks across the enterprise."
About SunGard Financial Systems
SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. These solutions address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents. In addition, we also provide professional services that focus on application implementation and integration of these solutions and on custom software development.
About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves over 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Adaptiv and Ambit are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
For more information, please contact:
Adriana Senior
SunGard Financial Systems
Tel: +1 718 578 1130
Email: [email protected]
SOURCE SunGard
Share this article