Bank of Bahrain & Kuwait signs up to SunGard risk management product

BBK will interface Quantum with its existing trading and risk management and core banking system to form a straight-through processing system to trade money markets, foreign exchange swaps and derivatives.

“[Quantum] is an open system that interfaces well with BBK’s Windows NT infrastructure,” said Mahmoud Abdul Aziz, senior manager at BBK. “Quantum has a very sophisticated risk management engine, which is important,” he added. SunGard Treasury is an operating group of Pennsylvania- based risk management software company SunGard.

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