NEW YORK, Dec. 12 /PRNewswire/ -- SunGard Trading and Risk Systems, an
operating group of SunGard (NYSE: SDS), today announced that The Banker, the
global banking magazine of the Financial Times, has selected Panorama as the
first recipient of its Service Contract of the Year Award for Risk Management.
The Banker has initiated this award to recognize those service providers
that "provide the tools and ideas required to help the banks meet their
targets for cost-cutting and improving efficiency." Panorama, a real-time,
modular solution for cross-asset, straight-through trading, portfolio
analysis, market and credit risk management and processing, has been given the
award for its contract with the Confederacion Espanola de Cajas de Ahorros
(CECA), the Spanish association of savings banks.
In June, CECA selected Panorama as the cornerstone of its global risk
infrastructure. Panorama will provide CECA's 41 member banks with integrated,
enterprise-wide market and credit risk management. CECA selected Panorama
because it fully satisfies the functional needs specific to its domestic
dealings and because its robust architecture is able to support remote
delivery to CECA's member banks.
Gavin Lavelle, president of the Panorama operating unit, said, "It is our
honor to be recognized as the leading provider of client services and
innovation for risk management by such a prestigious publication as
The Banker. Our ability to meet the unique functional needs of CECA's member
banks and the stringent technical requirements to provide integrated risk
management to 41 savings institutions illustrates two of Panorama's most
outstanding features -- the solution's breadth and depth of functionality, and
the flexibility and scalability required for this unusual installation. The
uncertain climate of our current economy highlights the importance of a
technologically robust, integrated risk management solution and the need for a
trusted, financially strong vendor partner."
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 20,000 clients in
over 50 countries, including 47 of the world's 50 largest financial services
institutions. Visit SunGard at http://www.sungard.com.
NOTE: Trademark Information: SunGard, the SunGard logo and Panorama are
trademarks or registered trademarks of SunGard Data Systems Inc. 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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Related links:
http://www.sungard.com
Company News On-Call:
http://www.prnewswire.com/comp/115467.html
CONTACT:
Adriana Senior, Marketing Director of SunGard
Data Systems, Inc., +1-212-317-7489, or fax, 212-223-0220, or
adriana.senior@risk.sungard.com
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