Metro Bank Selects SunGard?s Ambit Asset Liability Management for Balance Sheet Management
London (PRWEB) November 04, 2011
Metro Bank PLC, Britain’s first new High Street bank in over 100 years, has selected SunGard?s Ambit Asset Liability Management (ALM) solution. To support its client service proposition, Metro Bank will use Ambit ALM to help it maximize its net interest income, by helping it ensure the accurate measurement and management of asset-liability gaps and basis risk during this period of low interest rates and acute margin compression.
Metro Bank will use Ambit ALM for static and dynamic asset-liability management, liquidity risk management and hedge accounting. Ambit ALM will help the bank perform multi-dimensional analysis of the balance sheet, run stress tests and create reports. Ambit ALM will also help the bank identify and simulate strategies that minimize the cost of and exposure to liquidity risk and achieve compliance with the new liquidity management regulations of UK?s Financial Services Authority (FSA). Ambit ALM?s hedge accounting functionality will help Metro Bank avoid undesirable volatility in earnings using micro fair value and portfolio fair value hedges.
Mike Brierley, chief financial officer at Metro Bank, said, ?SunGard?s Ambit ALM will help us establish a strong foundation for liquidity and interest rate risk management so we can be prudent in our decision making, yet strategic for maximized returns. SunGard took a consultative approach to showcase the direct benefits of the solution by performing simulations using our own data. This convinced us that Ambit ALM closely met both our business and IT requirements.?
Andreas Hug, chief operating officer for SunGard?s Ambit Risk & Performance Management business unit, said, ?As regulatory pressure continues to grow in this low interest rate and highly volatile environment, our customers are looking to manage liquidity risk and basis risk to help maximize interest income. SunGard?s Ambit ALM helps effectively measure and manage these risks, forecast balance sheet performance and meet regulatory requirements.?
About Metro Bank PLC
Metro Bank PLC is registered at One Southampton Row, Holborn, London and is regulated by the Financial Services Authority. Metro Bank was co-founded by Vernon Hill and Anthony Thomson. It is based on the successful Commerce Bank model that was established by Vernon Hill in the US in 1973. A UK management team has worked with Vernon Hill to help bring this model to the UK market. Metro Bank operates retail hours, not banking hours. Its open 7 days a week (8am- 8pm Monday to Friday, 8am- 6pm Saturday, 11am- 5pm Sunday), every day of the year apart from Good Friday, Easter Sunday, Christmas Day and New Year?s Day.
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 http://www.sungard.com/ambit.
About SunGard
SunGard is one of the world?s leading software and technology services companies. SunGard has more than 20,000 employees and serves over 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 $ 5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Ambit 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.
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Categories: Tips Tags: Ambit, Asset, Balance, bank, Liability, Management, Metro, Selects, Sheet, SunGards
Avanza Bank Extends its Relationship with SunGard?s Front Arena to Leverage Cloud Computing
Stockholm, Sweden (PRWEB) October 17, 2011
Avanza Bank, a Swedish retail broker, has extended its relationship with SunGard?s Front Arena, a solution for cross-asset electronic trading and position control, to help support increasing transaction volumes and business growth.
Performance is a critical challenge in today?s volatile market. A customer since 1999, Avanza Bank will implement a new version of Front Arena that leverages cloud technology to help remove performance bottlenecks. Incorporating cloud technology also provides linear scalability, which helps customers scale Front Arena up or down at a predictable cost.
The pre-trade risk functionality helps Avanza Bank to calculate accurate trading permission and restriction in real time, giving their clients maximum trading capacity. Avanza Bank is already taking advantage of Front Arena?s smart order routing functionality, best execution capabilities, and gateways that are designed to handle high volume retail order flows.
Juerg Hunziker, president of SunGard?s Front Arena and Adaptiv business units, said, ?As businesses grow and add new users, systems are being put under pressure. Because Front Arena incorporates cloud technology, Avanza Bank can add processing power with no upper limit, run Front Arena on limited hardware, and have a consistent way of handling fail-over and disaster recovery.?
About Avanza Bank
Avanza Bank?s mission is to make Swedes financially independent. As the Savers? Bank, Avanza Bank?s goal is for an Avanza Bank customer to have more money over for themselves than they would with any other bank. Avanza Bank offers efficient online savings solutions in the Swedish market. Customers are offered simple and cost-effective ways of saving in shares, funds, equity-linked bonds, derivatives and pension products, such as endowment insurance and pension insurance.
Avanza Bank wants to offer the market?s best decision-making support for saving and savers. This involves providing the customers with both qualitative and quantitative information that supports the customer in his or her savings decisions. Avanza Bank accordingly offers everything from share prices and news items in real time to more sophisticated decision-making support, such as share analyses, portfolio reports and tax return support. Avanza Bank primarily targets Swedish private investors, but also offers services for professional day traders and corporate customers, such as entrepreneurs, institutions and asset managers.
About SunGard?s Front Arena
SunGard’s Front Arena is a global capital markets solution that delivers electronic trading and position control across multiple asset classes and business lines. Integrating sales and distribution, trading and risk management, and settlement and accounting, Front Arena helps capital markets businesses around the world improve performance, transparency and automation. For more information, please visit http://www.sungard.com/positioncontrol.
About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, higher 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 $ 5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Adaptiv and Front Arena 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.
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Categories: Tips Tags: Arena, Avanza, bank, Cloud, Computing, Extends, Front, Leverage, Relationship, SunGards
The best way to save your money
This method of saving money will definitely encourage young children to save more. It is name the Choken Bako bank, the hungry dog sitting on top will eat up whatever coin you drop onto the bowl. Drop some coins into his dish and he immediately goes for it, with a dog-like enthusiasm that you’ll love! The coins are stored inside the box after he “eats” them up, making it a great way to promote savings for all ages.
via japantrendshop
Categories: Abnormaltech Tags: bank, choken bako, dog, funny, robotic, saving, weird
WTH Do criminal want our old phone for?
Nokia 1100
Some hackers in the Europe have offer up to US$32000 for this Nokia 1100 old phone. According to a Dutch company this phone can allegedly be hacked so that it can facilitate illegal online banking transfers. The 1100 can apparently be reprogrammed to use someone else’s phone number, which would also let the device receive text messages. That capability opens up an opportunity for online banking fraud. In countries such as Germany, banks send an mTAN (mobile Transaction Authentication Number) to a person’s mobile phone that must be entered into a Web-based form in order to, for example, transfer money into another account. A TAN can only be used once, a security feature known as a one-time passcode.
via pcworld
