SunGard Announces Latest Release of Adaptiv Enterprise Risk Solution
April 21, 2009 — London, UK
SunGard has launched the latest release of Adaptiv, a suite of enterprise risk management and operational control solutions for the capital markets. Adaptiv 2009.1 features a number of functional enhancements to areas such as collateral management, market risk and operational efficiency and control.
Demand for collateral management automation is increasing as institutions try to protect themselves against counterparty default. In Adaptiv 2009.1, the collateral management application has been embedded into Adaptiv’s credit risk framework, a scalable, Web-based infrastructure with advanced workflow capabilities that can help improve customer transparency and reduce operational errors.
To address market risk, a new component - Adaptiv Risk Cube – will give risk managers the ability to navigate through detailed risk results in real-time, preserving trade-level detail and allowing them to drilldown into the sources of risk. Adaptiv 2009.1 enhancements also include an operations dashboard designed to help improve operational control by providing a holistic view of all back-office operations. It can assist managers to quickly identify potential bottlenecks and help ensure operational efficiency is maintained across the enterprise.
Brad Impey, chief technology officer for SunGard’s Front Arena and Adaptiv business units, said: “Our customers are demanding increasingly sophisticated and accurate risk calculations, but with tighter timeframes. Adaptiv 2009.1 includes an incremental Monte Carlo engine that can deliver accurate simulation based calculations in seconds for pre-deal limit checking.”
Impey continues: “Many banks have realized that they need to upgrade their market risk systems in light of the recent crisis, yet at the same time there is downward pressure on costs and an aversion to project risk. In response we have simplified the implementation requirements of Adaptiv through new deployment models, such as packaging Adaptiv 360 with SunGard’s MarketMap to provide customers with risk functionality and market data in a hosted environment.”
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
With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 25 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Front Arena 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.