The National Bank of Greece (NBG) has gone live with an operations management and processing control system from software company SunGard.
NBG is using the system to manage its portfolio of OTC derivatives as it is capable of handling large volume vanilla trades through to more complex and exotic transactions. It will also provide real-time monitoring of all transactions.
Juerg Hunziker, president of SunGard’s Adaptiv business unit, said, With banks facing challenges from new regulations and increasingly trading more complex derivatives, it is imperative that they deploy a solution that gives them the technology infrastructure to help improve accuracy and control in the back office. Adaptiv Operations helps ensure the highest level of operational efficiency.