SunGardís Ambit Named Top Asset and Liability Management Solution in 2008 Risk Technology Rankings
SunGardís Ambit Risk & Performance solution has been voted as the number one asset and liability management (ALM) solution for the second straight year in Risk magazineís annual technology rankings. SunGardís Ambit solution also scored highly in several other categories, including integrated market and credit risk management, credit risk management, and risk management Ė Basel II and International Accounting Standards (IAS) compliance.
The Risk rankings, which were compiled from a poll of over 2,500 financial institutions worldwide, are regarded as one of the industryís most prestigious rankings. The introduction of ALM as a dedicated category in 2007 reflects a growing view of ALM as an integral part of risk management. Participants in the survey were asked to base their votes on functionality, usability, performance, return on investment and reliability.
Andreas Hug, group vice president for SunGardís Ambit Risk & Performance business unit, said: "Being recognized as the category leader is testimony to our customersí satisfaction and our ability to meet their diverse needs, as well as our continued dedication and expertise. By taking a holistic approach to risk and performance, the Ambit solution is helping to revolutionize enterprise risk management. SunGardís Ambit Risk & Performance offering has long been an industry leader, providing multi-dimensional analysis of balance sheets, incorporating interest rate risk, income simulation and market valuation modeling. We are pleased with the award and want to extend our thanks to our customers for their continued support and commitment.Ē
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