Standard Bank of South Africa has adopted Basel II compliance by implementing SunGard’s BancWare Capital Manager.
Johannesburg-based Standard Bank has implemented BancWare Capital Manager’s wholesale, retail, asset securitization and consolidation models to help facilitate Basel II compliance across the group.
The bank has also deployed BancWare Capital Manager for the Basel II standardized approach for operational risk. A SunGard customer since 1996, Standard Bank also uses SunGard’s Adaptiv for credit risk and SunGard’s FRONT ARENA for treasury management.
“Our vision was always to deploy more than just a Basel II system,” says Annelie Schnaar-Campbell, director of group risk management for Standard Bank. “We wanted a solution to help enable effective risk measurement and monitoring to help improve our business. The SunGard software approach seemed flexible and able to provide quick turn-around on the required software updates.”
“The success of this project is testimony to the true working partnership between SunGard and Standard Bank,” says Andreas Hug, managing director of SunGard’s BancWire business unit. “SunGard’s commitment to working with the bank and to providing consultants with expert knowledge of the software and business, in tandem with Standard Bank’s dedicated and extensive Basel II team, demonstrate SunGard’s strength in delivering regulatory compliant risk solutions.”