London, UK (PRWEB) July 19, 2012
SunGard has been recognized as “Best Counterparty Risk Solution Provider” for its Adaptiv solution for the fourth consecutive year in the Waters Rankings for excellence in financial IT solutions and services. About 2,500 survey respondents determined this year’s tenth annual awards, including industry participants and readers of the publication.
The award was won by SunGard’s Adaptiv solution suite, which provides enterprise-wide credit and market risk management and operations solutions for financial institutions. Adaptiv helps customers measure, manage and control counterparty credit exposure in real time on an enterprise-wide basis.
The role of calculating and controlling credit risk has evolved from simply restricting traders via limits to supporting their risk taking decisions. Adaptiv helps its customers measure, manage and monitor counterparty credit exposure in real time on an enterprise-wide basis, helping ensure that they have a true portrayal of their positions, meet regulatory requirements and compete in the most efficient and effective way.
Victor Anderson, editor-in-chief of Waters magazine, said, “The annual Waters Rankings acknowledge the best solution and services providers in financial technology, based on the votes of readers around the world. For the last four years, they’ve made it clear that SunGard is their choice for counterparty risk management. This year, Adaptiv has expanded its Credit Valuation Adjustment (CVA) functionality with the launch of Adaptiv CVA Studio, helping banks more effectively manage this increasingly important requirement and comply with Basel III.”
Mat Newman, vice president of product management for SunGard’s Adaptiv business unit, said, “Four years have passed since the start of the credit crisis, but regulators continue to emphasize the need to understand and control counterparty risk. This has placed great demands on systems and processes to implement new directives and analyses. Adaptiv’s ability to support and work with its customers to help them meet these more stringent demands is key to its continued success. We are exceptionally pleased that our customers and the industry recognize our dedication to this area, and we thank them for voting for us.”
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 its deep understanding of risk management and operational processes. For more information, visit http://www.sungard.com/enterpriserisk.
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. For more information, please 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.