SINGAPORE, Jan. 7, 2013 /PRNewswire/ -- SunGard has been awarded first place in Risk Magazine's annual Technology Rankings with its Ambit Asset and Liability Management (ALM) solution.
The Risk Technology Rankings were compiled from the votes of several thousand subscribers of Risk Magazine and from financial institutions, including banks, asset managers and hedge funds that use the vendor systems. The awards seek to identify the best product offering based on functionality, usability, performance, return on investment and reliability in a wide range of categories including, trading systems, pricing and analytics and risk management.
Alwin Meyer, chief operating officer, risk and performance management for SunGard's banking business said: "This accolade is a significant endorsement of our risk management capabilities. Improving our position from last year highlights the success of Ambit ALM in helping organizations acquire a comprehensive risk management framework. Ambit ALM provides institutions across the world with end to end transparency and insights in order to manage and optimize their risk and return profile. This industry leading ranking is testament to this."
SunGard's Ambit ALM helps organizations minimize liquidity risk and guide the balance sheet in the right strategic direction through funds transfer pricing. Providing an integrated risk management solution that enables full and multi-dimensional analysis of the balance sheet, Ambit ALM also helps banks to accurately model customer behavior, economic valuation, interest rate scenarios and a wide range of other variables. In so doing, it will help them optimize both the size and use of their surplus cash reserves which may allow them to release strategic cash for revenue generation.
About SunGard's Ambit
SunGard's Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and performance. Ambit helps banks retain and acquire customers, improve staff efficiency and effectively measure and allocate their capital. For more information, visit www.sungard.com/ambit.
About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about US$4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. For more information, please visit www.sungard.com.
Source: SunGard