SunGard Selected by Mexican Banks for Operational Risk

SunGard has been selected by leading banks in Mexico to help manage their operational risk

Mexico City, Mexico (Vocus/PRWEB ) May 7, 2009 -- SunGard has been selected by leading banks in Mexico to help manage their operational risk. SunGard's Ambit Risk & Performance has been chosen by the banks to help identify, quantify and manage operational risk as well as compliance with Basel II regulatory requirements.

We believe that by adopting better operational risk principles and practices, we can manage our economic capital more efficiently. SunGard's Ambit Risk & Performance solution provides a platform to help us accomplish this. We chose it because it's a proven, mature solution that we're confident will give us a better understanding of where our risk resides.

Sound operational risk management is now a priority for many Mexican banks because of regulatory changes that are requiring them to implement more sophisticated policies surrounding this function. SunGard's Ambit Risk & Performance helps banks address risk by offering a toolkit for complying with market, credit and operational risk as well as corporate governance regulations.

There is a growing awareness in the Mexican financial services industry that changes in regulation have increased the need for sophisticated operational risk tools and policies. SunGard's Ambit Risk & Performance will provide enterprise-wide loss event tracking and management reporting tools that will help the banks improve operational efficiency and control their risk exposure.

Ana Cecilia Reyes Esparza, president of the OpRisk Committee at the Mexican Banks Association and head of risk management at Grupo Financiero Ve por Mas, said: "We believe that by adopting better operational risk principles and practices, we can manage our economic capital more efficiently. SunGard's Ambit Risk & Performance solution provides a platform to help us accomplish this. We chose it because it's a proven, mature solution that we're confident will give us a better understanding of where our risk resides."

Andi Hug, group vice president for SunGard's Ambit risk and performance business, said: "Sound operational risk management is now a priority for many Mexican banks because of regulatory changes that are requiring them to implement more sophisticated policies surrounding this function. SunGard's Ambit Risk & Performance helps banks address risk by offering a toolkit for complying with market, credit and operational risk as well as corporate governance regulations."

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 compliance. Ambit helps banks improve customer service management, streamline business processes, comply with regulations and capture growth opportunities. For more information, visit www.sungard.com/ambit.

About SunGard
SunGard is one of the world's leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world's 25 largest financial services companies.

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 exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at 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.

For more information, please contact:
Toby West, PR & Communications Manager
SunGard Financial Systems
Tel: +44 (0) 20 8081 2426

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