NEW YORK, April 28, 2003â SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), today announced that Banco General, S.A., a Panamanian Bank, has selected the complete BancWare solution suite for integrated asset and liability management (ALM), funds transfer pricing, financial planning and forecasting, and profitability measurement. As a comprehensive solution for balance sheet management, BancWare will facilitate Banco Generalâs goal of maximizing risk- adjusted returns.
Banco General selected BancWare for its ability to provide an integrated view of its balance sheet activity and analysis of the impact of market volatility. This will enable the bank to better understand and follow trends in its spreads and profitability measures and how these relate to its risk/growth profile. BancWare will enable Banco General to use this intelligence to adjust its strategies and manage risk across its enterprise.
BancWare will complement Banco General's reporting process, providing tools to expedite financial decisions on asset liability management and planning. It will provide real-time, consistent data about balance sheet behavior to risk managers and to the treasury and finance departments, enabling shared and accountable business decisions such as where to invest capital and human resources.
Francisco Sierra, executive vice president of finance at Banco General, said, "With BancWare, we will be able to adjust our current strategies so as to better manage our business and profitability. We selected BancWare for its ability to provide an integrated view of the balance sheet, its emphasis on clean, validated data, and its consistent, predictable implementation success. We also liked BancWareâs easy to use and customizable reporting capabilities."
Terence Faherty, president, BancWare, SunGard Trading and Risk Systems, said, "A key reason for our success is our belief that every bankâs risk management requirements are unique. We have developed solutions that are flexible and scalable â each designed to interoperate - allowing banks to integrate financial management systems and share analytics, decision-support and performance measurement across their businesses."