DNB Selects SUNGARD

DNB, Norway’s largest financial services group, has selected SunGard’s Aligne Trading and Risk Management and MarketMap Energy data management platform to support its commodity trade lifecycle in a fully hosted solution.

SunGard’s near-real time data will enable the bank to comply with regulation such as Dodd-Frank and the European Market Infrastructure Regulation (EMIR).

DNB has a global trading business and needed an end-to-end system which could support users trading a wide range of commodities, such as energy, metals and softs in various locations including the US, Singapore and Europe.

Nils-Fredrik Hvatum, head of commodities at DNB.

“SunGard’s energy suite will allow us to increase automation and create efficiencies by integrating directly with our current systems, “Their multi-commodity solution suite coupled with its front-to-back market data solutions will provide us with a seamless execution on the full trade life-cycle, a critical function within our operational capabilities.”

Andrew Bateman, president of SunGard’s energy business

“SunGard will help DNB increase operational efficiency and improve profitability by helping automate the trade lifecycle, comply with local and global regulations and facilitate key decision making,” 

About DNB
DNB is Norway’s largest financial services group and one of the largest in the Nordic region in terms of market capitalization. The Group offers a full range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers. DNB is a major international market player within energy finance and one of the world’s leading shipping banks. DNB’s bank branches in Norway, in-store postal and banking outlets, internet banking, mobile services and international offices ensure that we are present where our customers are.

About SunGard Financial Systems
SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. These solutions address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents. In addition, we also provide professional services that focus on application implementation and integration of these solutions and on custom software development.