Industry veteran Phil Lynch is the new global head of markets, products and strategy, at SIX Financial Information, confirm officials at the market data and services provider, based in Zurich, Switzerland. “Mr. Lynch is part of SIX. He actually started working for SIX Financial Information yesterday, April 1,” says a company spokesperson in an email… Read More >>
SunGard Targets FCMs via Derivatives Clearing Utility
FinTech giant SunGard Financial Systems has launched a venture to cut costs and fatten margins for derivatives brokers, unveiling a new derivatives industry clearing utility that the vendor says will increase operational efficiency by streamlining redundant workflows at clearing firms. The SunGard Derivatives Utility, as it’s called, was born out of a partnership with Barclays… Read More >>
SunGard Speeds Up Adaptiv Analytics via GPUs
SunGard has upgraded the hardware that underpins its hosted Adaptiv Analytics solution, increasing its computing power roughly five-fold in an effort to bridge the gap between the ever-expanding number of risk calculations required of financial firms and the limited processing power available to complete the complex assessments. The upgrade is powered by parallel computing and… Read More >>
OpenGamma Adds Conde, Beeston to Board of Execs
Risk management software provider OpenGamma has reshuffled its board of executives, with the position of chairman changing hands, and Cristóbal Conde, the former CEO of SunGard, joining the board, according to a company statement. Kirk Wylie, a co-founder of OpenGamma, will step down as chairman, following his decision to take on the role of chief… Read More >>
Northern Trust Deploys Asset Arena Control Center
Northern Trust has added financial technology provider SunGard’s Asset Arena Control Center (AACC) to the portfolio of products used by the custodian bank for automating back-office processes, according to a statement. AACC will “help Northern Trust benefit from further operational efficiency by converting complex work processes into electronic checklists and easy-to-read dashboards that help increase… Read More >>
SunGard XSP Takes On Corporate Actions Risk
The XSP business of SunGard Financial Systems, a provider of software and IT services to the financial services industry, is launching two products intended to help financial institutions manage event data and identify and control their risk exposure. “As the volume and complexity of corporate actions events continue to grow, firms struggle to manage the… Read More >>
SunGard Launches Integrated Risk Platform
Financial technology provider SunGard has launched a platform, dubbed APT Enterprise, designed to provide integrated risk management via an interactive risk dashboard for the buy side, according to a company statement. The new platform aims to give asset managers an independent view of market and liquidity risk by improved modelling of multi asset class portfolios… Read More >>
OCC Orders Banks to Stop ‘Excessive Risk’
Board members of financial services firms are being told to take a more active role in pushing compliance with “safe and sound” banking practices and to oppose management proposals with “excessive risk taking,” according to the final guidelines on governance and risk management practices published by the Office of the Comptroller of the Currency (OCC)…. Read More >>
Survey: Risk Management Becoming More Strategic
Once viewed as a burdensome regulatory obligation, risk management is increasingly seen as a strategic core competency, according to a global survey of 200 risk managers carried out by SunGard and the Professional Risk Managers’ International Association (PRMIA). Key findings revealed: Stress testing capabilities were ranked as being lower priority than collateral consolidation and asset… Read More >>
Egyptian Bank to Use SunGard Risk Platform
SunGard Financial Systems reports that the Faisal Islamic Bank of Egypt has picked its suite of enterprise risk management solutions, to help the bank build a new operational framework for risk exposure, reporting and Basel compliance. Faisal Islamic Bank is an active participant in the country’s development projects and a leading player in the Egyptian… Read More >>
