Chartis Research has positioned SunGard Financial Systems as a category leader in its RiskTech Quadrant for enterprise collateral management solutions. SunGard is the only vendor recognized as a category leader for both the trading and banking books.
Chartis, a research and advisory firm that provides technology and business advice to the global risk management industry, analyzed a range of collateral management solutions for their completeness and market potential. SunGard’s Apex Collateral and Ambit Core Banking’s collateral management solution scored highly in both dimensions.
SunGard’s Apex Collateral helps collateral traders, risk professionals, operations staff and senior management manage and optimize their collateral on an enterprise-wide basis. It offers a single platform for trading and collateral optimization using sophisticated numerical algorithms directly from a real-time, consolidated global inventory. Apex Collateral supports lean collateral operations through straight-through processing and a real-time “launchpad” screen that provides a streamlined workflow for collateral practitioners. Its collateral analytics engine aids trading decisions to help minimize overall margin requirements.
SunGard’s Ambit Core Banking suite also offers collateral management capabilities. The suite facilitates the collateralization of the banking book lending activities through financial and non-financial assets. Ambit Core Banking is built on a services-based architecture and manages the full lifecycle of a collateral asset, including registration, assignment of the asset, valuation, maintenance and release/realization of the asset. Ambit Core Banking’s collateral management functionality includes limits management, reporting, workflow management, and cross-collateralization for many-to-many deals.
Peyman Mestchian, managing partner at Chartis Research, said, “Technology providers need to be able to support the shift of collateral management from a fragmented, cost-focused discipline to an enterprise-wide, dynamic process that manages collateral to raise revenue as well as keep costs down. As a category leader, SunGard can demonstrate a clear strategy for sustainable, profitable growth as well as best-in-class solutions. SunGard also has the range and diversity of offerings, sector coverage, and financial strength to be able to absorb demand volatility in specific industry sectors or geographic regions.”
Harold Finders, chief executive officer, SunGard Financial Systems, said, “The move to central clearing and increased capital charges are creating greater demand for high quality collateral, making it imperative for firms to manage their collateral across business lines and asset classes. SunGard’s Apex Collateral and Ambit Core Banking’s collateral management solutions provide real-time, enterprise-wide views to help firms optimize their collateral across the organization. By naming SunGard a category leader in collateral management solutions, Chartis recognizes the depth and breadth of our solutions and our experience in this space.”