South Africa's Standard Bank is implementing SunGard Trading and Risk Systems' hosted Adaptiv Credit Risk service to manage credit risk management processes at its wholesale corporate and investment banking divisions.
The bank is deploying the system, which is hosted at SunGard's South African data centre, as part of plans to build a common platform for credit risk processing for all wholesale corporate and investment banking activities within the group.
The system will replace batch-driven processes at Standard Bank's London and Johannesburg offices.
SunGard says its service will provide the bank with an integrated framework to help standardise processes and improve the efficiency and consistency of its wholesale credit risk processes. The software will help the bank implement improved credit exposure measures and real-time, pre-deal credit analysis for both on- and off- balance sheet activities.
The application will also increase automation by consolidating data from wholesale source systems into a central data repository.
John Stathoulis, the bank's director for risk management in Johannesburg, says the technology will provide staff with "easy access to concise, accurate and meaningful exposure data for all counterparties, products, industries and countries".
"Exposure data will be consistent across international and domestic operations," he adds.
Standard Bank says it selected SunGard's ASP package because it includes software and the necessary supporting operational, capacity planning and business contingency services.