Fifth Third goes live with SunGard's Adaptive 360
SunGard today announced that Fifth Third Bancorp (Fifth Third), a diversified financial services company headquartered in Cincinnati, Ohio, has gone live with SunGard's Adaptiv 360 solution for market and credit risk management.
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SunGard's Adaptiv 360 solution will help Fifth Third to apply consistent and proven methodologies for valuing its assets and derivatives as well as aggregating information on a single system. This will help enhance the bank's risk reporting abilities and helps it grow its business in new market opportunities.
SunGard's Adaptiv 360 solution provides Fifth Third with the infrastructure to help it improve its risk management processes to help meet federal and regulatory banking requirements. Adaptiv 360 will help Fifth Third to implement limit calculation and monitoring practices that will help enforce the bank's policies and procedures.
Hal Coffey, senior vice president, risk management, Fifth Third Bancorp said, "The Adaptiv solution has proven to be a good combination of functionality provided on a solid technological foundation. SunGard continues to provide an appropriate and consistent partnership for us with regards to our technology needs. We are pleased to be working with SunGard's Adaptiv team."
Juerg Hunziker, president of SunGard's Adaptiv business unit, commented, "Adaptiv 360 offers Fifth Third a solution that helps enhance the way it reports on market and credit risk, allowing it to develop its business opportunities while complying with stringent US banking regulations."