Deutsche Postbank AG (Postbank), a leading German financial services provider,has selected SunGard's Adaptiv Risk Cube solution to help it build an internal model for market risk and improve the analysis and transparency of large volumes of data.
Adaptiv Risk Cube will provide Postbank with immediate access to risk data, from an enterprise level down to individual trade and Monte Carlo scenario level.
Postbank is currently using SunGard's Adaptiv to help manage its intra-day and end-of-day market risk reporting. The addition of SunGard's Risk Cube risk analysis solution will help Postbank to view a complete picture of market risk data across the enterprise, with the ability to question and gain greater detail on sources of risk. The solution will also help Postbank to make immediate intra-day amendments and data corrections to market risk reports generated at all levels.
Klaus Leusmann, head of risk control at Deutsche Postbank, commented: "In the current volatile environment it's extremely important to have fast, reliable risk analysis that provides transparency across the enterprise. It's also important to be able to drill down into specific activities and generate ad-hoc analysis quickly when needed. Adaptiv Risk Cube is a crucial component to providing a clear explanation of our P/L and Monte Carlo VaR analysis. It's a major contributor to our internal model approval process, which helps us to benefit from substantial regulatory capital savings."
Mat Newman, head of product management for SunGard's Adaptiv business unit, said: "SunGard's Adaptiv Risk Cube is a versatile solution that scales to meet the growing needs of an institution as volumes and analysis requirements increase. It allows an in-depth understanding of risk through analysis down to the lowest level of detail, helping uncover the true sources of risk in a bank. At a time when internal model approval is more valuable than ever, Adaptiv Risk Cube will help Postbank quickly uncover the risks it is exposed to, helping it act on the best possible information and make the best possible decisions for its business."