SunGard approved by Chartis for risk 01 August 2012New York Reporter: Georgina Lavers
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SunGard Financial Systems has been positioned as a category leader by Chartis Research in its RiskTech Quadrant for Basel III technology solutions.
The advisory firm analysed a range of Basel III solutions for their completeness and market potential. SunGard’s Adaptiv and Ambit solutions for on-and-off-balance sheet risk management scored highly in both dimensions.
Peyman Mestchian, managing partner at Chartis Research, said: “To adapt to the pressure on resources and the impact of new regulations, financial institutions will need to improve capital management; integrate functions, especially risk and finance, and front and back offices; and implement enterprise-wide risk management.”
Harold Finders, chief executive officer of SunGard Financial Systems, added: “Our recognition as a category leader in Basel III solutions reflects our focus and investment to help financial services firms respond to regulatory change, which is one of their biggest challenges.
"We understand that in addition to high-quality software, our customers look to us to provide expert advice, professional services and hosting capabilities that help them to meet their Basel III obligations in the most optimal manner.”
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