SunGard selling Sword to US clients
LONDON – Ci3, the owners of the Sword software package for op risk measurement, are working with US-based software giant SunGard in a new alliance, says Richard Pike, director of Comit Ireland, part of Ci3.
Pike says SunGard's BancWare division is selling Sword to US clients. This is an interesting move for SunGard, which has so far been on the sidelines of the op risk software sweepstakes. An alliance with troubled London-based software firm Raft was formed in November 2003 to market Raft's op risk software package, but this never resulted in a sale of the Raft product by SunGard and was quietly
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