seek a solution. That search was ‘not just a question of feature functions but also about the understanding between the two parties’, said Derungs. Another factor was fit in terms of Service Oriented Architecture (SOA). SAP had been seeking to apply web services to its ERP and banking solutions for some time, within its Enterprise Services Architecture strategy; Sungard was also taking an SOA route to bring together its myriad offerings.


A first phase would add ALM content to the BPP database, with a fair amount of additional data needed. Availability was scheduled for the end of 2007, with the first focus on Europe. The second phase, scheduled for release at the end of 2008, would see tighter integration. Bancware would be part of a combined solution, with BPP as the data repository, said Sungard’s EMEA managing director, Andy Hood. In terms of first takers, Derungs said discussions were under way with three banks. However, it is not clear whether there have been sales as a result of the partnership.


User experiences


Head of product management, Markus Gujer, pointed out that there are often local requirements influenced by local regulators, which goes some way to explaining why Sungard has strong penetration in some countries in contrast to others where it has little or none (it has no takers in Russia, for instance). Often the main competition comes from local players, for this reason (there are two or three such specialists in Germany, for instance). The Middle East is an area of strength but Sungard has users of parts of the suite on all continents (as pointed out, the components themselves have come from a broad geographical range, across the US, Europe and Australia).


An example of a user with narrow functionality is Commerzbank, which uses Sungard in German purely for hedge management.


This is often the way with tier one banks, said Meyer, with a tendency to take software for specific problems. They might also take solutions for smaller international operations, while adopting an in-house approach at home (Société Générale does this, for instance, for ALM).


Users in the Middle East often tend to have fairly broad functionality, as they may have been putting in such a solution for the first time, whereas users in Europe often take a 'pick and choose' approach, filling particular gaps. A narrow use does not necessarily mean low volumes. For instance, Bank of China uses Sungard for ALM and has very large numbers of records. Yorkshire Building Society was a signing for the Ambit liquidity risk solution during 2013. This included support for the UK


regulatory frameworks and the European Capital Reporting Requirements Directive (CRDIV). Around the same time, POP Pankki, a Finnish co-operative banking network, and Saastopankki, a Finnish savings banking group, took Ambit Liquidity Risk alongside Ambit ALM to help support their expanding risk management requirements.


User list Ambit Risk & Performance


Example customers


Banco Sabadell (Spain) Bank of America (US) Bank of China (China) Commerzbank (Germany) Confederacion Espanola de Cajas de Ahorros (Spain) Exportbank (Philippines) First Gulf Bank (UAE) Hancock Bank (US) ING Direct (Netherlands) Kuwait Finance House (Kuwait) Liberty Bank (US)


144


Metro Bank (UK) National Bank of Greece (Greece) Novacaixagalicia (Spain)


Shenzhen Development Bank (China) Société Générale (Worldwide) Swedbank (Sweden) Tata Capital (India) TMB Bank (Thailand) Yorkshire Building Society (UK)


Risk Management Systems & Suppliers Report | www.ibsintelligence.com


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