Flexibility of Panorama and Local SunGard Support Were Key to a Rapid
And Successful Implementation
NEW YORK, May 14 /PRNewswire/ -- SunGard Trading and Risk Systems, an
operating group of SunGard (NYSE: SDS), today announced that Overseas Union
Bank (OUB), Singapore's fourth largest bank, has gone live with Panorama,
SunGard's enterprise solution for integrated cross-asset trading market and
credit risk.
A premier consumer bank in Singapore and a leading regional bank, OUB
offers a full array of products and services to meet the needs of both
corporations and individuals. The bank has also successfully carved niches in
other activities such as treasury, fund management, corporate finance and
capital markets. It will use Panorama to achieve bank-wide market risk
analysis for fixed income, money market and equity instruments, and their
derivatives.
Panorama was selected for its proven functionality, and the flexibility of
its modular architecture. Panorama is easily integrated within institutions to
handle cross-asset trading, market and credit risk management based on a
scalable, real-time platform. Its modular architecture allows institutions to
roll out individual components making it easy to customize unique business
needs.
Mr. Gan Peng Hoei, Vice President & Head of Market Risk at OUB, said, "The
Panorama solution was an excellent match with OUB's portfolio and analytical
requirements, achieving all of our market risk requirements for bank-wide
market risk analysis. Integration with our existing trading and banking
systems was straightforward and we did not encounter any major issues that
could not be resolved in a short period of time."
Mr. Gan added, "Selecting a vendor with a demonstrable track record was a
key criteria in our evaluation process. More importantly, SunGard offered
strong local support and services throughout the implementation, and was able
to provide excellent global references. We were most impressed by the
commitment that SunGard brought to the project."
Peter Hutton, managing director of SunGard Trading and Risk Systems, Asia
Pacific, said, "What has pleased me most has been the positive and competent
approach to the project by the OUB and SunGard teams. Implementing a bank-wide
market risk management system requires excellent cooperation and understanding
between the teams. This has been a model implementation, it was completed
on-time and within budget. It gives me great confidence that SunGard is well
positioned to provide a range of trading and risk management solutions to the
leading banks in the Asia Pacific region."
About OUB
OUB began operations in 1949. Today, it is one of the largest banks in
Singapore and ASEAN, with total group assets of S$46.6 billion (as of
31 December 2000). Well-established in Asia Pacific and further abroad, OUB
has an international network of 64 offices in 16 countries. It offers the full
range of consumer banking, corporate banking, corporate finance, treasury,
international banking and investment banking services. OUB is especially known
for its innovative and forward-looking consumer banking initiatives.
For more details on OUB, please contact:
Chong Wee Lian
Vice President, Public Relations
Tel: (65) 530 2158
Fax: (65) 535 5285
Email: oubpr@oub.com.sg
Website: http://www.oub.com.sg
About SunGard Trading and Risk Systems
SunGard Trading and Risk Systems provides integrated, enterprise-wide
solutions for financial trading, risk management and operations, as well as
asset liability management and financial planning and forecasting. Serving
over 500 clients, it offers Web-enabled solutions for achieving
straight-through processing, and for managing market, credit and operational
risk. Clients include banks, broker/dealers, asset managers, hedge funds,
corporate and government treasuries of every size, geographical reach and
operational complexity. For energy companies, SunGard Trading and Risk Systems
provides trading, risk management and commodity scheduling software solutions.
About SunGard
SunGard 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 50 largest financial services
institutions. Visit SunGard at http://www.sungard.com.
Trademark Information: SunGard, the SunGard 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 SunGard Data Systems Inc.
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http://www.sungard.com
Company News On-Call:
http://www.prnewswire.com/comp/115467.html or fax,
800-758-5804, ext. 115467
CONTACT:
Europe, Sally Clarke, +44-207-337-1018, or
fax, +44-207-337-6010, or sally.clarke@risk.sungard.com, or the
Americas, Adriana Senior, 212-317-7489, or fax, 212-223-0220, or
adriana.senior@risk.sungard.com, or Asia Pacific/Japan/Korea,
Fiona Sowerby, +65-227-6400, or fax, +65-227-6277, or
fiona.sowerby@risk.sungard.com, all of SunGard Trading and Risk
Systems
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