SunGard Wins Banking Technology Reader’s Choice Awards for Trade Processing and Risk Management
London, 3rd December 2009 – SunGard has won two categories in the third annual Banking Technology Reader’s Choice Awards. SunGard’s Front Arena, a global capital markets solution that delivers position control across multiple asset classes and business lines, was chosen as “Best Trade Processing Product”, while Adaptiv, a suite of solutions for enterprise-wide risk management, was voted “Best Risk Management Product”. This is the third year in which SunGard’s solutions have been category winners.
The Banking Technology Reader’s Choice Awards are based purely on the votes by the publication’s 11,000-plus readership. Readers were asked to nominate their choice of vendors and products across a range of categories
Dan Barnes, online editor of Banking Technology, said: “The past 18 months have seen a marked upturn in the stress placed on both risk management and trading technologies. Our Reader’s Choice awards continue to have a large following from within the industry and so provide a good barometer, not only of which suppliers are making the cut, but specifically which systems are delivering results.”
Juerg Hunziker, president of SunGard’s Front Arena and Adaptiv business units, said: “Banking Technology’s Reader’s Choice Awards are always very important to us. Our success in these awards is clear demonstration of the strong relationships we develop with all our customers, and of the value our solutions bring to their businesses."
About 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.
About SunGard
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 www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.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.
Video Presentations
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Tim Dodd, head of product management, SunGard Front Arena discusses how a bank's need to control and manage positions across the entire organisation led to the evolution of Front Arena for Position Control.
[Total time 03:06]