The bank intends to use the system to centrally store credit information, helping risk personnel to monitor global exposures against limits and manage exceptions on a real-time basis.
In addition, SunGard said National Australia Bank (NAB) will use the Adaptiv platform to improve its violation management and workflow and its management and control of credit policies.
Adaptiv helps us to satisfy within seconds traders’ requests for pre-deal limit checking and to send warnings and credit line availability levels back to the traders in real time, said David Kerr, head of strategic development, credit risk management, at NAB. This means we can now proactively manage our global credit risks.
NAB said it is hosting Adaptiv centrally, with SunGard providing remote management facility services to monitor the system and provide access across the bank’s global sites.
Additionally, the bank uses SunGard’s Mint for SwiftNet connectivity, Compass for superannuation processing, intelliMatch for reconciliations and intelliStor for the storage and retrieval of reports.
