Nordea Bank has also extended its use of Adaptiv Analytics, a risk analytics service offering a complete infrastructure of software and optional grid hardware and support, for high computation. Nordea also uses SunGard’s Front Arena for smart order routing and fixed income order management capabilities.
The bank’s aim is to achieve the best possible technology infrastructure to help streamline its business activities, reduce market and operational risk, capitalize on business opportunities quickly and build up new product lines.
Peter Lunding, business chief information officer of capital markets products at Nordea, said: “SunGard’s alignment of the solutions in its capital markets suite has helped us to consolidate our trading and risk management systems and achieve a stable and effective technology infrastructure. SunGard understands our industry and the challenges we face and we have good cooperation.”
Christian Kromann, general manager of financial systems business at SunGard, said: “The last two years have taught the industry important lessons about establishing tight processes and procedures. SunGard’s capital markets experience and solutions continue to help Nordea plan for the future and enhance their existing processing framework. Nordea’s use of SunGard’s solutions will help improve its ability to seize business opportunities, make smarter risk decisions and create competitive advantage while meeting regulatory requirements.”