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.
The solution will provide Fifth Third with the infrastructure to help it improve its risk management processes. It will also help Fifth Third to implement limit calculation and monitoring practices that will help enforce the bank’s policies and procedures.
Adaptiv 360 is part of the Adaptiv suite, which offers enterprise-wide market and credit risk management and operations solutions to financial institutions on a global basis.
Hal Coffey, senior vice president of risk management at 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, said: 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.
