Standard Bank implements SunGard's credit risk technology globally

Source: SunGard

SunGard today announced that Standard Bank Group (Standard Bank) has gone live with phase one of its implementation of SunGard's Adaptiv Credit Risk, a credit risk management solution, in a global implementation spanning the bank's main trading centres in South Africa, UK, Hong Kong, USA, Russia, Brazil and Argentina.

Adaptiv Credit Risk provides Standard Bank with an enterprise-wide counterparty credit risk management infrastructure to support its credit risk processing. The solution is delivered on an application service provider (ASP) basis for a wide range of trading activities across the global corporate and investment banking business.

Through its implementation of Adaptiv Credit Risk, Standard Bank has been able to roll out its business sector strategy using a single global risk management platform. By consolidating data sourced from a number of systems into one central data repository, the bank will be able to improve its automation, increase volume, and help ensure better risk capital allocation. Adaptiv Credit Risk helps Standard Bank to standardise its measurement methodologies in line with best practices. The improved business workflow and assessment procedures will help provide additional trading opportunities and the ability to better utilise applied capital.

John Stathoulis, director, risk management, Standard Bank, commented, "Our relationship with SunGard is a strong one and we trust in our partnership with the Adaptiv team. They have delivered a solution that helps us to run our business more effectively and efficiently."

Juerg Hunziker, president of SunGard's Adaptiv business unit, commented "Adaptiv Credit Risk provides Standard Bank with a single platform that integrates credit risk exposures across its business and geographical reach. By delivering our solution as an ASP we also help to ensure that the bank has a cost-efficient technology that helps address their risk management needs."

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