Boston, MA (Vocus) October 3, 2009
SunGard’s Ambit Risk & Performance solution has achieved a 30% increase in computational performance in a series of benchmarking tests conducted with Intel. The tests were conducted in December 2008 and January 2009 on Intel’s new Xeon® 5500 series (Nehalem) servers, at SunGard’s Grid Computing lab in Boston, MA.
Scalability and performance are critical to successful risk management. Usually the more risk variables a system can model, the more accurate the predictive results. Yet more variables can lead to greater processing time. Therefore in the past many risk professionals have chosen to run simpler models with shorter processing times. With grid computing, however, solutions such as Ambit Risk & Performance can run complex models with more variables, giving accurate results in less processing time.
SunGard and Intel have been working on distributed computing with Ambit Risk & Performance in a grid environment since 2007. The 30% increase in computational performance came when the Ambit solution was implemented across a 96-core grid of Intel Xeon 5500 series servers. The percentage increase is taken in comparison to previous benchmark studies.
Paresh Pattani, director, software and services group, Intel, commented: “Running risk simulations 30% faster without the need for code changes can lead to a competitive advantage. In these SunGard tests, the Intel microarchitecture, codenamed Nehalem, has demonstrated its ability to deliver improved performance and power efficiency for financial services applications.”
Andrew Chang, chief technology officer for SunGard’s Ambit business unit, commented: “Today, risk professionals want to perform ever more complex stochastic modeling, and they want to see the results even faster. It is therefore critical that solutions like Ambit Risk & Performance - which covers asset & liability management, market risk, credit risk, operational risk and economic capital – can harness grid computing to continually improve performance. We are very pleased with these latest results.”
SunGard’s Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and compliance. Ambit helps banks improve customer service management, streamline business processes, comply with regulations and capture growth opportunities. For more information, visit http://www.sungard.com/ambit.
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries.
SunGard provides software and processing solutions for financial services, higher 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 exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at http://www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
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