Press Releases
SunGard to Integrate Markit Cashflow Models into Ambit Risk & Compliance Solution
November 18, 2008 — London
London, November 18th 2008 – SunGard has announced plans to integrate cashflow models from Markit with its Ambit Risk & Compliance solution suite. Markit’s cashflow models will be integrated into Ambit’s asset/liability management (ALM) solution, creating a new tool to help ALM professionals accurately assess balance sheet risk over a range of interest rate assumptions (www.sungard.com/ambit).
Markit is a financial information services provider. Markit’s cashflow models help customers to evaluate collateralised mortgage obligations (CMOs) and asset-backed securities (ABS), and to manage interest rate, prepayment and default risk in fixed income portfolios. The integration of Markit’s cashflow models with Ambit will help mutual customers to improve the understanding and management of their risk.
Ben Logan, managing director of structured finance at Markit, commented: “We believe this is a strong partnership for customers of both companies. Markit customers who already rely on our data and analytics tools will now be able to benefit from a complete ALM suite using the Ambit offering.”
Andi Hug, group vice president of risk and compliance solutions in SunGard’s banks and corporations business, said: “The current financial crisis means that financial institutions require a timely and comprehensive understanding of the cashflow characteristics of the CMO and ABS holdings. By giving Ambit customers access to Markit’s cashflow models, we are providing a complete ALM solution that will help them improve their risk assessment abilities.”
About Markit
Markit is a financial information services company with more than 1,000 employees in Europe, North America and Asia Pacific. Over 1,000 financial institutions use our independent services to manage risk, improve operational efficiency and meet regulatory requirements. For more information, see www.markit.com
About SunGard Ambit
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 compliance. Ambit helps banks improve customer service management, streamline business processes, comply with regulations and capture growth opportunities. www.sungard.com/ambit
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 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.