Barclays deploys SunGard BancWare
05 August 2002 | 4370 views | 0
Barclays Bank is to deploy SunGard Trading and Risk Systems' BancWare product across its operations in the UK, France and Spain.
Barclays will use BancWare for financial risk management, integrated asset liability management and data management plus planning and forecasting net interest income.
The product's Insight module will be used to collect, clean and synthesise transaction level data from various business lines, helping to ensure the quality and consistency of the data. BancWare Convergence will then model the data under a number of different interest rate scenarios to provide comprehensive income simulation and market valuation. Advanced balance sheet modeling will be performed using BancWare OAV term structure modelling and advanced behaviour modelling capability.
Brandon Davies, head of retail market risk management at Barclays, says: "This integrated solution will enable us to enhance our existing strength in modelling multiple business lines using a common platform with consistent, reliable data."