SunGard Financial Systems has been positioned as a category leader by Chartis Research in its inaugural RiskTech Quadrant for Basel III technology solutions.
Chartis, a research and advisory firm that provides technology and business advice to the global risk management industry, analyzed a range of Basel III solutions for their completeness and market potential. SunGard’s Adaptiv and Ambit solutions for on-and-off-balance sheet risk management scored highly in both dimensions.
SunGard’s Adaptiv provides risk management, risk-based pricing and analytics solutions that help financial services firms of all sizes around the world solve and manage regulations. Adaptiv helps customers implement the complex infrastructure demanded by Basel III IMM applications and the changes required for central clearing. SunGard’s Ambit provides risk and performance management solutions to help banks acquire an enterprise wide view of risk, liquidity, capital and profitability to aid strategic decision making, protect revenues and comply with Basel III.
Peyman Mestchian, managing partner at Chartis Research, said, “To adapt to the pressure on resources and the impact of new regulations, financial institutions will need to improve capital management; integrate functions, especially risk and finance, and front and back offices; and implement enterprise-wide risk management. As a category leader, SunGard has depth and breadth of solution functionality, innovative technology such as real-time pre-deal checking and extensive collateral modeling and management solutions, and deep domain expertise. SunGard can address the needs of very large customers with complex risk management and technology requirements, as well as the needs of smaller customers that are looking for integrated solutions from a single vendor.”
Harold Finders, chief executive officer, SunGard Financial Systems, said, “Our recognition as a category leader in Basel III solutions reflects our focus and investment to help financial services firms respond to regulatory change, which is one of their biggest challenges. We understand that in addition to high-quality software, our customers look to us to provide expert advice, professional services and hosting capabilities that help them to meet their Basel III obligations in the most optimal manner.”