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Risk Management

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Bank Austria Creditanstalt Signs Up with Fitch Risk to use database; SunGard Buys WhiteLight Basel II technology; BBVA installs Fundtech's PayPlus for CLS.

SunGard Trading and Risk Systems has acquired SymphonyRPM's risk- management technology WhiteLight Basel II, for an undisclosed amount.

WhiteLight Basel II is a calculation, analysis and reporting system that uses the SymphonyRPM Analytic Platform. Under the acquisition, the software will be renamed SunGard Basel II Capital Manager and will be integrated with its other Basel II products. In addition, WhiteLight's Basel II development team will be merged into SunGard Trading and Risk Systems' BancWare operating unit.

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