BancWare Continues to Gain Momentum in High End Analytics.BOSTON--(BUSINESS WIRE)--June 2, 1999-- Financial institutions worldwide are turning to BancWare, the leading provider of Asset Liability Management (ALM) solutions, for their high-end analytics. BancWare's Option Adjusted Value at Risk, OAV OAV Original Animation Video OAV Organic Aerial Vehicle OAV Original Animated Video @R, helps clients value the optionality inherent in difficult instruments such as prepayments on mortgages. Matt Mandalinci, president of BancWare commented, "Our clients need to be able to accurately value their balance sheet now and in the future. OAV@R helps them do that quickly and accurately. The marketplace acceptance has been overwhelming." "Our recent decision to purchase the new valuation module represents the latest development in the long, successful relationship we have had with BancWare. This module give us the capability to model the earnings and market value sensitivities associated with a wide variety of highly complex financial instruments," said David Ide, first vice president at ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Recent clients to select OAV@R: -0- ABN AMRO Constitution State Corporate Credit Union Bank United USAA Federal Savings Bank Northern Trust MBNA America Large Midwest Bank Headquartered in Boston, BancWare serves more than 180 clients in over 14 countries worldwide. BancWare's fully integrated and scalable solutions support data collection, transformation, and management; asset/liability management Asset/Liability Management A technique companies employ in coordinating the management of assets and liabilities so that an adequate return may be earned. Also known as "surplus management. ; comprehensive budgeting and planning; and advanced financial analysis, including term structure modeling and option adjusted value at risk. Founded in 1981, BancWare is an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of SunGard Data Systems Inc. SunGard's business is computer service and application software. SunGard is the only large specialized provider of proprietary investment support systems, and is the pioneer and a leading provider of comprehensive computer disaster recovery services. SunGard Data Systems Inc. common stock is reported on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol SDS 1. (company) SDS - Scientific Data Systems. 2. (tool) SDS - Schema Definition Set. . Trademark Info: SunGard, BancWare, the BancWare logo, Convergence, Viewpoint and Insight 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. |
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