SunGard upgrades cash management portal
Financial services information technology services provider SunGard has added credit risk capabilities to its SunGard Global Network (SGN) short-term cash management portal. According to the firm, its portal provides corporate treasurers with credit and counterparty data to help increase transparency, make critical investment decisions, reduce risk exposure and improve operational efficiency.
“The ability to assess risk and exposure quickly based on multiple data points across portfolios helps facilitate real-time decision making,” said Bob Ward, chief operating officer of SunGard’s wealth management business. “The risk analysis capability of the SGN short-term cash management portal helps firms gain access to meaningful, aggregate intelligence quickly in one place, so that more time can be spent on in-depth analysis and other important tasks related to treasury and cash management.”
American Express and Groupon Hong Kong form partnership
US-based multinational financial services company American Express (Amex) has partnered with the Hong Kong branch of deal-of-the-day website Groupon. Under the partnership, Amex cardholders will be able to purchase Groupon cash vouchers with up to 60% discount when using their Amex card for the transaction. Chief executive of Groupon Hong Kong, Danny Yeung, believes this collaboration will further enrich the online group's buying experience for its customers in Hong Kong.
“This will enable us to bring additional value to our card members, broadening their choices and enhancing their experience with American Express,” said Y. C. Koh, chief executive at Amex for Greater China and Southeast Asia.
SAS wins Malaysian mandate
The Malaysian Building Society (MBSB) has enhanced its data mining capabilities by implementing a solution called Rapid Predictive Modeler from business analytics software and services provider SAS. According to Dato’ Ahmad Zaini Othman, chief executive of MBSB, the addition of the new SAS solution is an upgrade to its existing predictive analytics and data mining solution.
“MBSB relies on SAS solutions to realise its corporate objectives, especially assessing and approving good loans via credit risk scorecards for its retail business,” said Andrew Tan, managing director at SAS. “The new SAS Rapid Protective Modeler solution will help MBSB uncover unknown patterns, opportunities and insights to drive proactive, evidence-based decision making.”
