Wayne Software Pioneer SunGard Helps Banks Be At The Top Of Their Game

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Sungard

Pioneering software solutions developed by Wayne-based multinational SunGard are taking a cue from the computer gaming industry in order to propel banks to new levels of credit risk analysis.

The company’s latest Adaptiv Analytics package tethers the financial services industry’s traditional computer processing unit hardware with powerful new graphical processing units like those in demand by today’s computer gamers to boost risk and credit valuation calculations from an industry average 22 million per second up to as many as 100 million per second, according to a CPI Financial report.

“Typically leveraging the advantages of GPUs would have been a costly exercise for banks, especially since GPU programmers are in high demand,” Managing Director of the Middle East and Africa Wissam Khoury said in the article. “The new offering from SunGard can help those who want to benefit from the processing power of GPU technology without the need to invest in new competencies. … The real added value here is that banks can leverage their existing infrastructure and engineers without the need for any additional resource. We see the importance of helping banks accomplish higher-speed risk analysis more cost effectively as a critical asset to future banking operations.”

Read more about the technology behind SunGard’s latest software release on CPI Financial here.

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