Credient to Provide Integrated Solution for Credit Risk Control, Analytics
And Collateral Management
NEW YORK, Nov. 15 /PRNewswire/ -- At its Client Conference in Barcelona,
SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS),
today announced the industry's first comprehensive credit risk application
service provider (ASP), dubbed Credient. Credient is the first credit risk
service that brings together global credit limits management, credit risk
analytics, collateral management and Web-based communications within one ASP
framework.
Credient is the next generation of the Risk Exposure Management System
(RXM), recently acquired by SunGard. Credient offers a functionally deep
infrastructure for credit limits management and control, supported by a new
technology architecture. Credient also provides credit risk analytics and
support for enterprise-wide collateralized trading.
Credient will also serve as the credit risk engine for participants of the
SunGard Transaction Network (STN), which offers straight-through processing
services for the key transaction flows in the lifecycle of a trade.
George Zafirakis, president of the RXM business unit, said, "Credient
builds on the strengths of the existing RXM Credit Risk Control service which
has an unprecedented 15 year track record in providing real-time credit risk
control to the global banking community. Credient is a next generation
progression that is designed to exceed the risk control requirements of
today's global trading market. It delivers real-time performance, global
scalability and professional services with domain expertise."
Jim Ashton, group chief executive officer of SunGard Trading and Risk
Systems, said, "With increasing trading volumes and a move to online, real-
time trading and settlement, it is crucial for our clients to access global
credit risk limits and perform robust risk analyses in real-time. Credient
provides this as the industry's first comprehensive, real-time, global credit
risk solution. SunGard's position as a leader in trading and risk management
solutions, integration and hosting uniquely enables us to bring this secure,
reliable and robust service to market."
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, Credient, and RXM 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 Trading and Risk Systems
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CONTACT:
Europe, Sally Clarke, 44 207 337 1018, fax,
44 207 337 6010, or sally.clarke@risk.sungard.com; or Asia & The
Americas, Adriana Senior, 212-317-7489, fax, 212-223-0220, or
adriana.senior@risk.sungard.com; both of SunGard Trading and Risk
Systems
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