LONDON, January 8 /PRNewswire/ --
- BancWare Risk & Compliance Solutions Recognized as Leader in Multiple Categories Including Basel II, Operational Risk and Regulatory Capital Calculations
SunGard today announced that its BancWare solution has been voted the number one asset & liability management (ALM) provider in Risk magazine's annual technology rankings. (http://www.sungard.com/bancware)
Illustrated by the introduction of this dedicated category to the 2007 Risk rankings, ALM is now widely recognized as an important component of risk management, reflecting the advancements in industry best practice. SunGard's BancWare ALM offering has long been a market leader, providing multi-dimensional analysis of the balance sheet, incorporating interest rate risk, income simulation and market valuation modeling.
SunGard also scored high rankings in several other categories including credit limit checking, Basel II, operational risk and regulatory capital calculations. The rankings, which were compiled following more than three hundred votes from financial institutions worldwide, are one of the industry's most prestigious awards widely recognized the world over and participants were asked to base their votes on functionality, usability, performance, return on investment and reliability.
Andreas Hug, Risk & Compliance solution leader, said, "We are delighted at the recognition these awards bring to BancWare and would like to thank our customers for their ongoing support and commitment. ALM has been at the heart of our business since our inception over 20 years ago. Coming top in this category is testimony to our customer satisfaction and ability to meet their diverse needs, as well as our continued dedication and expertise. BancWare, with over 500 customers in 49 countries worldwide, continues to be at the cutting edge of risk and performance management."
About BancWare
A solution suite for integrated risk and performance management, BancWare is used by banks, mortgage and credit lenders, and other financial services institutions. Designed for finance professionals, BancWare's modular software and consulting solutions for asset/liability management, budgeting and planning, profitability, economic capital, operational risk and Basel II compliance provide a unified view of risk to help improve capital management, and assist in better decision making at all levels of the organization.
About SunGard
With annual revenue exceeding US$4 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 50 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo and BancWare 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.
For more information, contact: Toby West, SunGard Communications Manager, Financial Systems Email: toby.west@sungard.com Tel: +44-208-081-2426 Web site: http://www.sungard.com http://www.sungard.com/bancware
Toby West, SunGard Communications Manager, Financial Systems, +44-208-081-2426, toby.west@sungard.com
