NEW YORK, March 14, 2002– SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), today announced that Boeing Employees’ Credit Union (BECU) has elected to add BancWare Perspective to its implementation of the BancWare solution suite for integrated asset liability management, planning and forecasting and data management. BancWare Perspective is a user-friendly performance measurement platform with state-of-the-art reporting and dissemination technology.
BECU will use BancWare Perspective to evaluate risk-adjusted product returns and delivery channel return implications. BECU will also use BancWare Insight's funds transfer pricing functionality with its existing data warehouse and activity-based costing system to quantify the financial impact of its member's actions.
BECU is the largest financial cooperative in the state of Washington and one of the top five credit unions in the US, with over 300,000 members worldwide and over $3.7 billion in assets. It has been using BancWare Convergence for asset liability management and financial forecasting and BancWare Insight, a platform for data extraction, transformation and synthesis. BECU has now selected to add BancWare Perspective and BancWare Insight’s funds transfer pricing feature to its BancWare implementation.
Perspective delivers a controlled data mart with powerful multi-dimensional modeling and analysis ability. With BancWare Perspective and BancWare Insight for funds transfer pricing, BECU will have a complete, end-to-end, integrated solution for risk-adjusted performance management based on historical information.
Robert Gatlin, planning and analysis manager at BECU, said, "The success of our existing BancWare installation convinced us to extend our partnership with SunGard by adding BancWare Perspective to our suite of BancWare solutions. Perspective will enable us to achieve risk-adjusted performance measurement, with which we can create better-informed member strategies. We particularly like the flexibility and extensibility of the BancWare solution suite that enables it to easily support our growth."
Terence Faherty, president of the BancWare operating unit, said, "Perspective provides a tailor-made solution to meet the specific requirements of an institution and an industry-leading business rules engine to give confidence in the analysis and results. The integrated BancWare solution suite offers greater confidence balance sheet management because consistent data is used for each balance sheet measure-- market valuation and income simulation, performance measurement, funds transfer pricing and financial planning and forecasting."