Barclays opts for SunGard’s BancWare
Barclays Bank has implemented SunGard Trading and Risk Systems' BancWare product for its financial risk management activities across the UK, France and Spain.
Pennsylvania-based SunGard says BancWare allows financial institutions to collect, clean and synthesise transaction-level data from various business lines, helping to ensure the quality and consistency of the data. The product also models data under a number of different interest rate scenarios to provide income simulation.
“This integrated solution will enable us to enhance our existing strength in modelling multiple business lines using a common platform with consistent, reliable data,” said Brandon Davies, head of retail market risk management at Barclays in London.
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