Stockhom, Sweden (PRWEB) May 17, 2012
Nordea Bank AB, the leading financial services group in the Nordic region, has expanded its relationship with SunGard through the addition of SunGard’s Ambit Asset Liability Management solution. Ambit Asset Liability Management will support the bank in better managing balance sheet risk and complying with the Financial Services Authority (FSA) regulatory requirements in all jurisdictions.
Ambit ALM will support Nordea Bank AB in better managing interest rate risk and liquidity, by facilitating complete multidimensional analysis of the balance sheet through modeling of client behavior, economic valuation, interest rate scenarios and a wide range of other variables quickly, easily and accurately. Nordea has been a customer of SunGard’s since 1999.
Alwin Meyer, chief operating officer of SunGard’s Ambit risk and performance business unit, said, “A unified view of risk and performance measurements across activities and markets is essential for better risk management decision making. SunGard’s modular, integrated solutions for asset/liability management, liquidity risk, operational risk, and economic capital can help large financial firms like Nordea Bank more effectively manage risk, forecast balance sheet performance, meet regulatory requirements and make critical business decisions.”
Nordea’s vision is to be a Great European bank, acknowledged for its people, creating superior value for customers and shareholders. We are making it possible for our customers to reach their goals by providing a wide range of products, services and solutions within banking, asset management and insurance. Nordea has around 11 million customers, approx. 1,400 branch offices and is among the ten largest universal banks in Europe in terms of total market capitalisation. The Nordea share is listed on the NASDAQ OMX Nordic Exchange in Stockholm, Helsinki and Copenhagen.
About SunGard’s Ambit
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 performance. Ambit helps banks retain and acquire customers, improve staff efficiency and effectively measure and allocate their capital. For more information, visit http://www.sungard.com/ambit.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 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 $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. Look for us wherever the mission is critical. For more information, visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo 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.