(Vocus) November 16, 2010
SunGard has launched Adaptiv Riskbox, a new market and credit risk solution that employs a results-centric approach to risk to help banks analyze, share and explain risk results quickly and accurately. SunGard’s Adaptiv Riskbox uses proven risk analytics embedded in a task-oriented solution to help firms streamline the daily risk production process. The solution’s turn-key design offers rapid implementation and helps lower total cost of ownership.
Accurate risk information is essential to generating comprehensive, timely and reliable market risk reports on a daily basis. However, many institutions struggle with compiling an initial set of daily risk figures or creating an official VaR position. Adaptiv Riskbox helps to streamline this daily workflow by monitoring feeds, identifying errors and processing corrections on a single platform. With Adaptiv Riskbox, changes and corrections are incrementally applied to run only the relevant part of the calculation, helping to create a comprehensive and consistent view of risk. The system’s intra-day correction and end-of-day workflow management tools allow risk managers to process, authorize and release approved data, helping make it easier to audit and recreate results for regulatory approval.
Juerg Hunziker, president of SunGard’s Adaptiv and Front Arena business units, said, “Banks need to be able to credibly demonstrate they are in control of risk, yet they are spending a significant amount of their time preparing, checking and correcting risk numbers. This leaves precious little time to act upon them. Adaptiv Riskbox helps banks produce actionable risk results quickly and reliably. It’s designed to handle the reality of a typical bank environment, with late feeds and incorrect data. The focus on the risk production process is what sets this solution apart from more fragile systems. In addition, its drill-down capabilities helps give users greater insight into the drivers of risk. Now the risk manager can explain the risk position to the business, and act as a partner rather than an adversary.”
About SunGard’s Adaptiv
SunGard’s Adaptiv provides enterprise-wide credit and market risk management and operations solutions for financial services institutions. Adaptiv assists institutions of varying size and complexity to deploy technology to meet both internal and regulatory requirements for risk management and operational 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. Find out more at http://www.sungard.com/enterpriserisk.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 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 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Adaptiv 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.
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