SunGard has issued a public apology to custody bank BNY Mellon for the outage of its InvestOne accounting system used by the bank to price thousands of funds.
BNY Mellon and its fund manager clients are scrambling to assess the damage caused after a third party system run by SunGard and used by the bank to value assets worth billions of dollars broke down.
FIS has signed a definitive agreement to acquire Sungard for $9.1 billion in a cash and stock deal, creating a fintech powerhouse covering the full spectrum of banking and capital markets services.
Shares in Fidelity National Information Services have climbed on speculation that the payment services group is in talks to buy financial technology conglomerate SunGard.
SunGard Data Systems Inc. (“SunGard” or the “Company”), one of the world’s leading financial software companies, today reported results for the second quarter ended June 30, 2015.
Virtus Partners has launched a new hedge fund administration service focused on credit and fixed income managers.
With regulatory requirements driving reconciliation at top-tier financial institutions, many are consolidating through centres of excellence, according to a report from SunGard and Aite.
Finansinvest, based in Istanbul, Turkey, has adopted SunGard’s Front Arena trading solution, which will help the firm source and trade liquidity at the right price in multiple asset classes.
SunGard’s MarketMap market data solution now offers additional “unique” content from several social sentiment, reputational risk, short interest, and company research providers to help wealth managers, advisors, and traders find new investment opportunities, respond rapidly to client needs, and differentiate their offerings.
SunGard has announced that its new industry utility for post-trade futures and cleared over-the-counter (OTC) derivatives operations has gone live with Barclays as the utility’s anchor customer.
© Finextra Research 2015