WAYNE, Pa., Feb. 14, 2011 /PRNewswire/ -- SunGard has been named the top vendor in Risk Magazine's annual Risk Technology Rankings for the categories of enterprise-wide credit management, credit value adjustment calculation, and asset and liability management. Risk Magazine, a leading financial risk management publication, established its annual technology rankings in 2004 to recognize best practice and innovation in the risk management industry by software vendors. Participants were asked to base their votes on functionality, usability, performance, return on investment and reliability.
In addition to earning the top spot for three categories, SunGard placed as a top-three vendor in seven other categories including: enterprise risk aggregation, enterprise Basel II compliance, regulatory and economic risk capital calculation, limit checking, IAS compliance, and regulatory reporting. SunGard risk solutions include Adaptiv, an enterprise-wide credit and market risk management and operations solution suite; and Ambit, a solution suite which provides asset and liability management, liquidity risk management, profitability and budgeting and planning.
Risk practitioners selected the winning organizations based on their ability to best respond to the needs of their customers and address industry challenges. Risk magazine polled thousands of banks, hedge funds, pension funds and insurance companies for this year's technology rankings and received more than 2,000 valid responses.
Harold Finders, chief executive officer for SunGard Financial Systems, said, "SunGard's continued recognition for risk management is a result of ongoing investment and innovation in its solutions. The changing regulatory environment and the growing need for transparency and efficiency across the enterprise demand greater functionality and domain expertise. SunGard's risk management solutions address the full spectrum of liquidity, credit, market and operational risk independently and in aggregate to support risk strategies at the business and enterprise levels."
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. Find out more at www.sungard.com/enterpriserisk.
SunGard's 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 performance. Ambit helps banks retain and acquire customers, improve staff efficiency and effectively measure and allocate their capital. For more information, visit www.sungard.com/ambit.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. 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 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Adaptiv 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.