The SunGard solution will be used throughout BankWest’s front-, middle- and back-office to support an extensive range of wholesale and retail financial products and commodity trading activities. Decision makers cited Quantum’s ability to provide live profit and loss information in an intuitive and user-friendly interface, as well as the system’s robust risk reporting dynamics and front-office pricing tool. SunGard’s worldwide presence and successful implementation track record were also cited.
"In a time when many corporations are facing financial uncertainty, it is vitally important for BankWest to partner with a provider who has demonstrated financial strength and is able to provide the single point deal entry for the front-office with straight-through processing and automation of back-office procedures," said Trevor Crooke, director financial markets, BankWest. "We look to partner with industry leaders who share our vision and have the ability to deliver products that are capable of seamlessly moving forward into the e-commerce world, Crooke said."
The relationship with BankWest makes Quantum and QRisk functionality available to a diversified group of customers with lending needs within the business, rural, housing and personal market sectors across Western Australia.
"SunGard is proud to expand our services in Western Australia through the licensing of Quantum to a financial services provider that has proven itself to promote financial dependability and has a track record for service and accountability to its customers," said Ken Dummitt, president, SunGard Treasury Systems. "We will continue to work together to further our Internet-based capabilities and, in doing so, expand research and development resources to increase and improve the tools available to the financial services sector," Dummitt said.