SEB Unites Market and Credit Risk for Banking and Trading With Infinity
NEW YORK, Feb. 28 /PRNewswire/ -- Infinity, A SunGard Company, today
announced that Skandinaviska Enskilda Banken (SEB) has gone live with Infinity
Panorama 99.1 for integrated market and credit risk management in one of the
largest Panorama installations. Panorama delivers enterprise-wide risk
management across SEB Merchant Banking, which carries out activities in
14 countries through five business units. Panorama is the enterprise solution
for integrated cross-asset trading, market, credit and operational risk.
Infinity is the leading provider of enterprise solutions for financial
trading, risk management and operations.
Panorama provides credit limits management based on potential future
exposure calculations across SEB Merchant Banking's entire line of trading and
commercial banking products and services. To meet SEB Merchant Banking's
unique business needs, Panorama was enhanced to support additional banking
instruments, as well as a range of proprietary lending and commercial
products.
SEB is also one of the first financial institutions to implement
Infinity's Panorama Distributed Portfolio feature, an add-on to Panorama that
delivers linearly scaleable solutions.
Gosta Liden, project manager for IT and business development at SEB said,
"To us, enterprise-wide risk management means integrating trading instruments
with banking instruments, as well as integrating credit risk with market risk.
Panorama was the only system on the market that offered this depth and breadth
of risk management functionality. It was also the most flexible and
extensible high performance system capable of easily handling our portfolio of
several hundred thousand transactions."
Jim Ashton, president and CEO of Infinity said, "Panorama's
state-of-the-art analytics combined with its flexibility and scalability makes
it the supreme choice for this large scale installation."
About SEB & SEB Merchant Banking
Skandinaviska Enskilda Banken AB (SEB) is a leading Nordic bank with
growing retail, wholesale and securities operations, operating 300 branches
throughout Sweden as well as online banking services. SEB Merchant Banking
carries out activities in 14 countries and is divided into five business
units: trading, debt capital markets, treasury operations & proprietary
trading, corporate banking, and project & structured finance. It trades
globally in currencies, interest-bearing instruments, derivatives and
commodities, and manages the cash funds/liquidity portfolio, cash management
services and trade finance. It also handles export and project financing,
shipping and acquisition finance.
About Infinity
Infinity, A SunGard Company, provides enterprise software solutions for
financial trading, risk management and operations. Infinity customers include
banks, asset managers, corporate and government treasuries of every size,
geographic reach and operational complexity. Infinity identifies emerging
standards early on and delivers innovative, modular, adaptable solutions and
enabling technologies. Infinity facilitates client success, mitigates
technology risk, and delivers rapid "Time-to-Value" through Infinity
Professional Services, providing application implementation and integration
consulting. Infinity, A SunGard Company, is an operating unit of SunGard Data
Systems Inc. Infinity can be reached at http://www.infinity.com .
About SunGard
SunGard (NYSE: SDS) is a global leader in integrated IT solutions and
eProcessing for financial services. SunGard is also the pioneer and a leading
provider of high-availability infrastructure for business continuity. With
annual revenues in excess of $1 billion, SunGard serves more than
10,000 clients in over 50 countries, including 47 of the world's largest
50 financial services institutions. Visit SunGard at http://www.sungard.com.
NOTE: SunGard, Infinity, the Infinity logo and Panorama, are trademarks
or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in
the U.S. and other countries. All other trade names are trademarks or
registered trademarks of their respective holders.
SOURCE Infinity, A SunGard Company
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Related links:
http://www.infinity.com
Company News On-Call:
http://www.prnewswire.com/comp/115467.html or fax,
800-758-5804, ext. 115467
CONTACT:
Adriana Senior of Infinity, A SunGard
Company, 212-317-7489, or adriana_senior@infinity.com
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