As an integrated solution for credit risk management that runs on an Intel architecture, Credient consolidates and provides tools for portfolio analysis and exposure modeling, as well as global and real-time, pre-deal limit checks for control of credit risks. Credient consolidates the full range of credit risk information through Web-based reporting, including exposures, mitigation,
ratings, and portfolio analytics. SunGard is hosting Credient in its European SunGard Availability Services computer centers, providing a fully resilient business continuity service.
Steve Husk, president of the Trading and Risk operating unit, said, "We are delighted to have achieved this first phase implementation on schedule at ING. The success of this project has hinged on an excellent working relationship with ING, and we look forward to continuing to work with them and with our other client partners to help them maximize efficiencies."
ING is also currently using the SunGard Collateral Manager system, which provides extensive capabilities for the management and optimisation of collateral. SunGard has provided business consulting services to ING to assist in designing and establishing ING's collateral management function. The SunGard Collateral 360 methodology provides a framework for the creation of collateral management functions in accordance with industry best practices.