SunGard has launched Adaptiv Analytics, a solution for rapid computation of complex risk calculations.
Adaptiv Analytics provides an extensible framework for distributing complex portfolio-level risk calculations across a grid of servers. The solution can be tailored to help financial services institutions meet requirements for market and credit risk management.
As volumes and complexity of traded products increase, existing IT solutions within financial services institutions are unable to perform risk calculations in the required timeframes. This means that financial services institutions may be running their businesses on inaccurate and incomplete risk information. By utilising modern technologies Adaptiv Analytics supports extensibility in trade, risk factor and portfolio models to keep pace with product and methodology evolution, whilst providing scalability of hardware to meet increasing volumes. Adaptiv Analytics is available on a stand-alone basis and also acts as the core calculation engine for Adaptiv's market and credit risk solutions.
'Adaptiv Analytics has been designed to take advantage of multi-core and grid technology on the upcoming generation of IntelXeon processor-based systems based on the Intel Core micro-architecture to help deliver complex risk calculations in the shortest imaginable timeframes," says Greg Symon, director of global software solutions for Intel. "The close collaboration between Intel and SunGard's Adaptiv team has resulted in a solution that can scale to help meet the demands of our joint customers in both market and credit risk.'
Juerg Hunziker, president of SunGard's Adaptiv business unit, adds, 'Adaptiv Analytics is an innovative solution that will help enhance credit and market risk systems by providing high performance computing in a cost-effective package.'
Background notes: SunGard's Adaptiv provides enterprise-wide credit and market risk management and operations solutions for financial services institutions. Adaptiv assists institutions of varying size and complexity to deploy technology to meet both internal and regulatory requirements for risk management and operational control
With annual revenue of USD 4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies.