Westpac buys new risk management software
Australian bank Westpac has licensed SunGard's Credient, part of its Adaptiv credit risk infrastructure.
As a fully automated system it minimises operational risk while reducing operating costs, SunGard said. It also provides pre-deal limit checking and ‘what-if’ scenario analysis. The system sends immediate notifications to credit officers in the event of a credit policy violation, SunGard added.
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