ING to use Credient for credit portfolio management

The Netherlands-based ING Group has selected SunGard Trading and Risk Systems’ Credient application to support its credit portfolio management business. The application service provider-run product will provide ING with a global, integrated, real-time infrastructure, enabling the company to manage its financial markets credit risk.

ING will be able to monitor, report and control its credit risk across the group in real-time and implement industry best practices in credit portfolio management, SunGard claimed.

Credient will support all financial markets products in ING's treasury, trading and investment activities. SunGard will host Credient in its European SunGard Availability Services data centres, providing a fully resilient business continuity service.

“The regulatory changes proposed in the Basel II Accord have increased industry-wide focus on credit risk analyses and portfolio management,” said Steve Husk, president of the Credient/Infinity operating unit. “Credient provides banks with the infrastructure to consolidate, analyse and exploit their credit portfolios.”

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here