Adaptiv 360 will help Caixa Penedès automate valuation, portfolio management, risk management and straight-through processing across all asset classes.

SunGard's Adaptiv 360 is an integrated package based upon a single platform. It provides financial institutions with access to cross-asset deal capture, real-time risk analytics, stress testing, "what if" scenarios, cash flow analysis, on-line hedging prescriptions, straight-through processing and enterprise market and credit risk analysis. Caixa Penedès will use Adaptiv 360's structured products module to help manage complex structures with minimum effort and reduced time to market which will help the bank to fulfill its plans to rapidly grow its business and enter new areas.

Josep Jaume Fina, head of treasury and capital markets, said: "As the financial markets change, it is necessary to maximise our straight-through processing capabilities for all businesses and procedures. Much of our treasury activity is based on the structuring and distribution of derivatives, and with SunGard's Adaptiv 360 solution we will have the ability to easily build deals around their proposed architecture. Adaptiv 360 will help Caixa Penedès to grow its business and improve its product offerings, while also helping us to effectively control and manage all our market and counterparty risk."

Kevin Galliers, senior vice president EMEA, SunGard's Adaptiv business unit, said: "We are pleased to welcome Caixa Penedès to the growing community of Adaptiv users in this region. Working closely with Caixa Penedès, a sophisticated Catalunya-based savings bank, will help SunGard in its ongoing efforts to enhance and localize Adaptiv 360."