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Leading Nordic Bank Installs Panorama |
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SEB Unites Market and Credit Risk for Banking and
Trading With Infinity
NEW YORK, Feb. 28 /PR Newswire/ -- Infinity, A SunGard Company, today announced that Skandinaviska Enskilda Banken (SEB) has gone live with Infinity Panorama 99.1 for integrated market and credit risk management in one of the largest Panorama installations. Panorama delivers enterprise-wide risk management across SEB Merchant Banking, which carries out activities in 14 countries through five business units. Panorama is the enterprise solution for integrated cross-asset trading, market, credit and operational risk. Infinity is the leading provider of enterprise solutions for financial trading, risk management and operations. Panorama provides credit limits management based on potential future exposure calculations across SEB Merchant Banking's entire line of trading and commercial banking products and services. To meet SEB Merchant Banking's unique business needs, Panorama was enhanced to support additional banking instruments, as well as a range of proprietary lending and commercial products. SEB is also one of the first financial institutions to implement Infinity's Panorama Distributed Portfolio feature, an add-on to Panorama that delivers linearly scaleable solutions. Gosta Liden, project manager for IT and business development at SEB said, "To us, enterprise-wide risk management means integrating trading instruments with banking instruments, as well as integrating credit risk with market risk. Panorama was the only system on the market that offered this depth and breadth of risk management functionality. It was also the most flexible and extensible high performance system capable of easily handling our portfolio of several hundred thousand transactions." Jim Ashton, president and CEO of Infinity said, "Panorama's state-of-the-art analytics combined with its flexibility and scalability makes it the supreme choice for this large scale installation." About SEB & SEB Merchant Banking
Skandinaviska Enskilda Banken AB (SEB) is a leading Nordic bank with
growing retail, wholesale and securities operations, operating 300
branches throughout Sweden as well as online banking services. SEB
Merchant Banking carries out activities in 14 countries and is divided
into five business units: trading, debt capital markets, treasury
operations & proprietary trading, corporate banking, and project &
structured finance. It trades globally in currencies, interest-bearing
instruments, derivatives and commodities, and manages the cash
funds/liquidity portfolio, cash management services and trade finance. It
also handles export and project financing, shipping and acquisition
finance. About Infinity Infinity, A SunGard Company, provides enterprise software solutions for
financial trading, risk management and operations. Infinity customers
include banks, asset managers, corporate and government treasuries of
every size, geographic reach and operational complexity. Infinity
identifies emerging standards early on and delivers innovative, modular,
adaptable solutions and enabling technologies. Infinity facilitates client
success, mitigates technology risk, and delivers rapid
"Time-to-Value" through Infinity Professional Services,
providing application implementation and integration consulting. Infinity,
A SunGard Company, is an operating unit of SunGard Data Systems Inc.
Infinity can be reached at http://www.infinity.com/
. About SunGard SunGard (NYSE: SDS) is a global leader in integrated IT solutions and
eProcessing for financial services. SunGard is also the pioneer and a
leading provider of high-availability infrastructure for business
continuity. With annual revenues in excess of $1 billion, SunGard serves
more than 10,000 clients in over 50 countries, including 47 of the world's
largest 50 financial services institutions. Visit SunGard at www.sungard.com. NOTE: SunGard, Infinity, the Infinity logo and Panorama, are trademarks
or registered trademarks of SunGard Data Systems Inc. or its subsidiaries
in the U.S. and other countries. All other trade names are trademarks or
registered trademarks of their respective holders. SOURCE Infinity, A SunGard Company WEB SITES: http://www.infinity.com/ CO: Infinity, A SunGard Company; Skandinaviska Enskilda Banken; SunGard
Data Systems Inc. ST: California, Sweden |
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| Posted February 28, 2000. |