21 September 2017
Visit http://response.ncr.com

SunGard acquires ERisk Holdings

15 November 2005  |  6505 views  |  0 sungard1.gif

SunGard has acquired ERisk Holdings, a New York-based provider of economic capital management software and risk consulting services to financial institutions.

Terms of the transaction were not disclosed but SunGard says the deal is not expected to have a material impact on its financial results.

Following the acquisition, the ERisk unit will become part of SunGard's BancWare business and ERisk's economic capital management system will be added to the BancWare product suite.

SunGard says the product - called BancWare ERisk - will be delivered on an ASP basis and will provide risk correlation models, credit risk models, proprietary data and risk management consulting services. The system will help financial institutions to deploy an economic capital framework to meet regulatory expectations, including Basel II and SR 99-18.

Terence Faherty, president of SunGard's BancWare business unit, says: "As our customers increasingly look to use economic capital management to enhance strategic decision-making, the addition of ERisk to the BancWare group will provide comprehensive economic capital analysis capabilities and complimentary consulting services to support this goal, with the cost and efficiency benefits of an ASP-based delivery method.

"Our customers will benefit from the combined value of ERisk's risk aggregation capabilities, capital management framework and well-established risk management consulting practice, coupled with SunGard's complete offering for risk, ALM and compliance."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SunGard license revenues slip

SunGard license revenues slip

11 November 2005  |  6733 views  |  0 comments
SunGard bids for plug and play with new SOA framework

SunGard bids for plug and play with new SOA framework

07 November 2005  |  7762 views  |  0 comments
BMO, iBank tracking risks with SunGard

BMO, iBank tracking risks with SunGard

03 October 2005  |  5804 views  |  0 comments
Tel Aviv Stock Exchange selects SunGard for Swift connectivity

Tel Aviv Stock Exchange selects SunGard for Swift connectivity

06 September 2005  |  3994 views  |  0 comments
OppenheimerFunds signs for SunGard's Xamin

OppenheimerFunds signs for SunGard's Xamin

22 August 2005  |  6320 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.temenos.comvisit www.capgemini.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12189 views comments | 26 tweets | 41 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10838 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9466 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8065 views comments | 18 tweets | 26 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
8038 views comments | 5 tweets | 4 linkedin

Featured job

London, UK (or flexible)

Find your next job