Direct Banking Arm of ING Licenses SunGard Solution BancWare to Provide Asset Liability Management for ING Direct

Apr 27, 2001, 01:00 ET from SunGard Trading and Risk Systems

    NEW YORK, April 27 /PRNewswire/ -- SunGard Trading and Risk Systems, an
 operating group of SunGard (NYSE:   SDS), today announced that ING Direct has
 licensed a suite of BancWare products to manage interest rate risk throughout
 its Direct banking operation, which now extends to six countries in three
 continents.  SunGard's global support network for BancWare will provide ING
 Direct with local support in all of its regions of operation.
     ING Direct is the Direct banking arm of the financial services giant, ING
 Group of the Netherlands.  It operates in Australia, Canada, France, Italy,
 Spain and the United States.
     Dennis Worst, risk manager of ING Direct, said, "After a thorough
 evaluation of a number of vendor solutions we selected BancWare, which proved
 to be best suited to and best priced for our requirements.  With BancWare, we
 are able to model multiple business units using a common platform.  SunGard's
 global support for the BancWare product suite is also important to us."
     Other members of the ING Direct global team were pleased by the rapid
 implementation process for BancWare.  Greg Dunford in the United States and
 Joel Bates in Canada commented on how easily they can now handle regulatory
 reporting.  "The reporting capabilities are very easy to use," added
 Colin Campbell in Canada.  Using BancWare, Mark Kocaurek and Frank d'Angelo of
 ING Direct Canada finally solved all of their data issues and said, "though it
 might look like a simple system, every day we are discovering new capabilities
 in BancWare."
     BancWare will be installed in all the country headquarters of ING Direct
 and will be customized to meet the requirements of the different countries of
 operation.  All sites will use BancWare for asset and liability management,
 data management, advanced behavioral analysis, and integration of key elements
 of the planning and forecasting process.
     Specific country sites will use BancWare's integrated multi-currency
 capabilities, third party interfaces for prepayment and cash flows, and the
 advanced analytical solution, Option Adjusted Value-at-Risk (OAV@R), which
 evaluates expected return, risk and market value of the entire balance sheet,
 individual portfolios, or specific positions.
     Terence Faherty, president of the BancWare operating unit, added, "We are
 particularly pleased that the Direct banking group of ING, noted for being on
 the vanguard of technological innovation within the financial services
 industry, has recognized  BancWare's reputation as an innovative market
 leader, with a solution set that meets the needs of a rapidly growing and
 global institution. BancWare provides the advanced analytics of OAV@R,
 multi-currency capabilities crucial to the European market and the
 sophisticated deposit modeling capabilities that will be used across its
 global system."
 
     About ING Direct
     ING Direct is the Direct banking arm of ING Group of the Netherlands with
 more than one million clients. ING Group is one of the world's largest
 integrated financial services organizations and operates in 65 countries and
 has over 100,000 employees.
 
     About SunGard Trading & Risk Systems
     SunGard Trading and Risk Systems provides integrated, enterprise-wide
 solutions for financial trading, risk management and operations, as well as
 asset liability management and financial planning and forecasting.  Serving
 over 500 clients, it offers Web-enabled solutions for achieving straight-
 through processing, and for managing market, credit and operational risk.
 Clients include banks, broker/dealers, asset managers, hedge funds, corporate
 and government treasuries of every size, geographical reach and operational
 complexity.  For energy companies, SunGard Trading and Risk Systems provides
 trading, risk management and commodity scheduling software solutions.
 
     About SunGard
     SunGard is a global leader in integrated IT solutions and eProcessing for
 financial services.  SunGard is also the pioneer and a leading provider of
 high-availability infrastructure for business continuity.  With annual
 revenues in excess of $1 billion, SunGard serves more than 10,000 clients in
 over 50 countries, including 47 of the world's 50 largest financial services
 institutions.  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.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X23897735
 
 

SOURCE SunGard Trading and Risk Systems
    NEW YORK, April 27 /PRNewswire/ -- SunGard Trading and Risk Systems, an
 operating group of SunGard (NYSE:   SDS), today announced that ING Direct has
 licensed a suite of BancWare products to manage interest rate risk throughout
 its Direct banking operation, which now extends to six countries in three
 continents.  SunGard's global support network for BancWare will provide ING
 Direct with local support in all of its regions of operation.
     ING Direct is the Direct banking arm of the financial services giant, ING
 Group of the Netherlands.  It operates in Australia, Canada, France, Italy,
 Spain and the United States.
     Dennis Worst, risk manager of ING Direct, said, "After a thorough
 evaluation of a number of vendor solutions we selected BancWare, which proved
 to be best suited to and best priced for our requirements.  With BancWare, we
 are able to model multiple business units using a common platform.  SunGard's
 global support for the BancWare product suite is also important to us."
     Other members of the ING Direct global team were pleased by the rapid
 implementation process for BancWare.  Greg Dunford in the United States and
 Joel Bates in Canada commented on how easily they can now handle regulatory
 reporting.  "The reporting capabilities are very easy to use," added
 Colin Campbell in Canada.  Using BancWare, Mark Kocaurek and Frank d'Angelo of
 ING Direct Canada finally solved all of their data issues and said, "though it
 might look like a simple system, every day we are discovering new capabilities
 in BancWare."
     BancWare will be installed in all the country headquarters of ING Direct
 and will be customized to meet the requirements of the different countries of
 operation.  All sites will use BancWare for asset and liability management,
 data management, advanced behavioral analysis, and integration of key elements
 of the planning and forecasting process.
     Specific country sites will use BancWare's integrated multi-currency
 capabilities, third party interfaces for prepayment and cash flows, and the
 advanced analytical solution, Option Adjusted Value-at-Risk (OAV@R), which
 evaluates expected return, risk and market value of the entire balance sheet,
 individual portfolios, or specific positions.
     Terence Faherty, president of the BancWare operating unit, added, "We are
 particularly pleased that the Direct banking group of ING, noted for being on
 the vanguard of technological innovation within the financial services
 industry, has recognized  BancWare's reputation as an innovative market
 leader, with a solution set that meets the needs of a rapidly growing and
 global institution. BancWare provides the advanced analytics of OAV@R,
 multi-currency capabilities crucial to the European market and the
 sophisticated deposit modeling capabilities that will be used across its
 global system."
 
     About ING Direct
     ING Direct is the Direct banking arm of ING Group of the Netherlands with
 more than one million clients. ING Group is one of the world's largest
 integrated financial services organizations and operates in 65 countries and
 has over 100,000 employees.
 
     About SunGard Trading & Risk Systems
     SunGard Trading and Risk Systems provides integrated, enterprise-wide
 solutions for financial trading, risk management and operations, as well as
 asset liability management and financial planning and forecasting.  Serving
 over 500 clients, it offers Web-enabled solutions for achieving straight-
 through processing, and for managing market, credit and operational risk.
 Clients include banks, broker/dealers, asset managers, hedge funds, corporate
 and government treasuries of every size, geographical reach and operational
 complexity.  For energy companies, SunGard Trading and Risk Systems provides
 trading, risk management and commodity scheduling software solutions.
 
     About SunGard
     SunGard is a global leader in integrated IT solutions and eProcessing for
 financial services.  SunGard is also the pioneer and a leading provider of
 high-availability infrastructure for business continuity.  With annual
 revenues in excess of $1 billion, SunGard serves more than 10,000 clients in
 over 50 countries, including 47 of the world's 50 largest financial services
 institutions.  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.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X23897735
 
 SOURCE  SunGard Trading and Risk Systems

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