Press Releases
Bank BPH Selects SunGard’s Ambit Risk & Performance Management Solution
May 6, 2009 — London
Bank BPH, a Polish universal bank, has selected SunGard’s Ambit Risk Management solution to help improve its liquidity risk management and create a single, integrated solution for its market risk operations.
SunGard’s Ambit Risk Management solution will help Bank BPH to maintain an advanced liquidity risk management process, and will also allow Bank BPH to calculate cross-asset value at risk (VaR) for both banking and trading book positions.
Krzysztof Soltysik, head of the market risk department at Bank BPH, commented: “Bank BPH sought a solution that would provide us with the ability to calculate our VaR for broad instrument coverage including derivatives, fixed rate, exchange rate and other mark-to-market valued positions all together. Additionally, we wanted a solution that had an advanced asset liability management module, with the capability of calculating earnings at risk (EaR) and simulating other future risk measures on the basis of assumptions and decisions taken in the Bank. This would help us to define the direction in which particular businesses should be developed.”
Andreas Hug, group vice president, risk and performance for SunGard’s banking business, said, "We are pleased to be in a position to assist Bank BPH with their risk management needs. As Bank BPH anticipates significant growth in the coming years, they can rely on SunGard’s Ambit to help them manage the return versus risk of that growth.”
About Bank BPH
Bank BPH is a universal bank servicing private individuals, small and medium sized enterprises and corporate customers. Its rich product offer encompasses i.a. loans, including mortgages, banking cards, saving and deposit accounts, asset management via BPH TFI subsidiary, brokerage services and treasury products.
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.
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, including the world’s 25 largest financial services companies.
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 five 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 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.