Bank of America Selects SunGard's BancWare for Basel II Compliance and Reporting

Business Wire, Jan 17, 2006

BOSTON -- SunGard today announced that Bank of America has extended its relationship with SunGard with the selection of the BancWare Capital Manager (previously called Basel II Capital Manager). BancWare Capital Manager, a complete Basel II solution covering capital calculation and reporting, data consolidation, credit risk and operational risk (www.sungard.com/bancware), will help Bank of America achieve compliance with the Internal Ratings Based approach of the Basel II Accord from the Bank of International Settlements.

Donna Ferretti Tihalas, Bank of America's Basel II program manager, said, "Early on, Bank of America determined that its strategy for Basel II implementation would look to leverage best-in-class risk, finance and technology infrastructure and processes. We selected SunGard for its track record of successfully executing implementations, its experience in installing Basel II solutions, and its in-depth knowledge of the regulatory framework. We were also impressed with the solution benefits that Capital Manager provides - flexibility, adaptability and ease of use."

Terence Faherty, president of SunGard's BancWare business unit, said, "In the highly integrated and competitive US banking industry, SunGard can help firms of all sizes to accurately meet the capital measurement challenge both from a Basel II and an economic capital basis. BancWare Capital Manager will help Bank of America to ensure that it is holding capital commensurate with assumed risk, and that operational processes and procedures create an environment of consistent, accurate and timely risk identification and measurement. Proper pricing relative to risk capital will help banks secure profitability and longevity."

About BancWare

An integrated solution suite for asset/liability management, budgeting and planning, regulatory compliance and profitability, BancWare is used by banks, mortgage and credit lenders, and other financial services institutions. BancWare provides a multidimensional asset/liability analytic solution with balance sheet simulation capabilities, and a variety of reporting options. For managing economic and regulatory capital, BancWare offers a modeling, analysis and reporting solution. BancWare provides a performance measurement solution that helps financial institutions manage profitability, and offers a data management and integration tool designed specifically for banks. More than 400 financial institutions, including 13 of the world's top 20 banks, use BancWare.

About SunGard

With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.

Trademark Information: SunGard, the SunGard logo, and BancWare are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.