Standard Bank implements SunGard's Adaptiv Analytics

Source: SunGard

SunGard today announced that Standard Bank Group (Standard Bank) has selected SunGard's Adaptiv Analytics to help support its business requirements for simulation-based methodologies for its derivatives portfolios.

Adaptiv Analytics provides an extensible framework for distributing complex portfolio-level risk calculations. The Adaptiv Analytics architecture will help Standard Bank harness the computing power required to manage its trading volumes and complex instrument coverage. Adaptiv Analytics will integrate with SunGard's Adaptiv Credit Risk solution currently used by Standard Bank for enterprise-wide counterparty credit risk management. Furthermore, Adaptiv Analytics will help Standard Bank follow a phased approach to its technology deployment, increasing instrument coverage through each phase, whilst adding incremental functionality as and when required.

Standard Bank will be able to support the simulation of derivatives exposures for present and future trading volumes. John Stathoulis, director, risk management, Standard Bank, commented, "SunGard continues to work well with us and understands our particular requirements for a phased approach. The integration of Adaptiv Credit Risk and Adaptiv Analytics will help us to support business through enhanced practices for counterparty risk management."

Juerg Hunziker, president of SunGard's Adaptiv business unit, commented, "We are pleased that we are able to extend our relationship with Standard Bank. Adaptiv Analytics offers the bank an innovative technology to help it meet its growing credit risk requirements."

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