Faisal Islamic Bank of Egypt, the first Islamic Bank in Egypt, has selected SunGard's suite of enterprise risk management solutions to help build a new operational framework for improved risk exposure, reporting and Basel compliance.
SunGard Data Systems Inc. ("SunGard" or the "Company"), one of the world's leading software and technology services companies, today reported results for the second quarter ended June 30, 2014. For the second quarter, revenue was $673 million, flat year over year (down 1% adjusting for currency).
Atreaus Capital, LP, a global macro hedge fund manager based in New York is now live with SunGard's Hedge360 Risk Reporting Service. Delivered as a managed service, the Hedge360 Risk Reporting Service provides highly customized daily risk reports, offering transparency to investors and integrated internal risk management to hedge funds.
Pierpont Securities LLC (Member FINRA, SIPC), a specialized fixed income financial services firm serving middle market and institutional investors, has selected SunGard's Loanet to help manage its expanding securities finance operations, including trading, inventory management, accounting and settlement.
SunGard has launched its iWorks Prophet GI solution to help general/property and casualty (P&C) insurers better manage the complexity of risk modelling, improve their capital management and reserving decisions, and support their commercial growth strategies.
Société de Bourse Gilbert Dupont ("Gilbert Dupont"), a wholly owned subsidiary of the Groupe Crédit du Nord, part of the French and international financial group Société Générale, has selected SunGard to access Turquoise, the multilateral trading facility operated by the London Stock Exchange Group.
As part of its unified enterprise insurance solution strategy, SunGard has launched iWorks Enterprise Life Admin, a cloud-based policy administration solution (PAS) that helps insurance carriers increase competitive advantage and business growth through faster deployment of new insurance products.
As part of Mexico's implementation of a risk-based insurance solvency system, the Mexican Association of Insurance Institutions (Asociación Mexicana de Instituciones de Seguros, AMIS) has chosen SunGard's iWorks Prophet actuarial modeling solution to develop a risk model based on the European Solvency II model. The model will be used for long-term Life portfolios for the Mexican market using data from one of Mexico's insurance institutions.
SunGard has released the investment risk component of its iWorks Enterprise Financials business intelligence (BI) solution, a cloud-based and mobile-enabled BI tool that gives insurers' chief investment officers and chief financial officers the ability to transform raw financial data into actionable insights and timely analysis for investments, risk and compliance.
SunGard has launched Front Arena Cross-Asset Risk to provide brokers and futures commission merchants (FCMs) with real-time consolidated risk, exposure and margin calculations across multiple asset classes and markets.
© Finextra Research 2014