SunGard, a leading provider of software and processing solutions for financial services, today announced that Adaptiv, SunGard’s solution for risk management and operations, has secured multiple first
place positions in the Risk Technology Rankings 2006.
Risk established its annual rankings two years ago to survey the financial industry sector and to recognise best practice and innovation within the vendor community for providing software solutions. The Risk Technology Rankings have very quickly established themselves as the leading benchmark of technology solutions in financial risk management. Risk performs a global survey asking financial institutions to vote for their preferred software solution in a variety of categories. This year’s survey received over 1,100 responses. Financial institutions were asked to vote based on the functionality, usability, performance, return on investment and reliability provided by technology vendors. Only technology end-users were allowed to vote. Risk verifies the validity of votes and discounts invalid votes.
Votes from SunGard Adaptiv customers helped Adaptiv’s Credit Risk solution to achieve first place in the credit risk, trading and banking, and credit risk limit checking categories. Adaptiv Credit Risk combines credit exposure calculations with a real-time, global limits checking framework. Adaptiv Credit Risk promotes best practice counterparty credit risk management through the use of exposure calculations techniques and global limits. These help customers achieve a more accurate and reliable picture of risk, help reduce unexplained limit breaches and help remove artificial restrictions on dealing appetite.
Sally Clarke, global head of marketing for SunGard’s Adaptiv business unit, said, “This is a great achievement for Adaptiv. It is not the first time that Adaptiv has been recognised publicly as a leading provider of risk management and operations solutions. However, we are particularly pleased as we have secured the accolade from our customers’ votes and support, a true testament of our ability to provide effective solutions that help meet the needs of our customers.”