17 October 2017
Register now

SunGard and Albridge align data for brokerage compliance

06 October 2004  |  1368 views  |  0 Source: SunGard

SunGard Online Investment Systems, an operating group of SunGard (NYSE:SDS), and Albridge Solutions, formerly StatementOne Inc., today announced a partnership initiative to integrate their leading data and compliance solutions to provide financial institutions with faster and more accurate brokerage compliance automation capabilities. Under the arrangement, Albridge's data replication services will provide scrubbed financial data to SunGard's Synapse Surveillance automated monitoring and reporting solution, which will help improve data quality and consistency, reduce processing errors, and help accelerate time-to-market.

SunGard's Synapse Surveillance is an automated solution that monitors brokerage transactions for exceptions to regulatory guidelines and company policies. The solution processes trades and accounts thoroughly and consistently against a flexible body of configurable rules to quickly identify any potential compliance and suitability violations. Albridge's data replication systems provide consolidated, cleansed investor, account and portfolio holdings information from more than 1,100 product families and 2,000 financial institutions.

"By integrating our data replication service with Synapse Surveillance, we can provide our customers with the convenience of a truly end-to-end solution for brokerage compliance and surveillance," commented Stuart Tarmy, vice president of marketing for Albridge Solutions. "Together, we are able to provide financial institutions with a single solution for both the capture and cleansing of data from disparate sources as well as the robust rule processing, workflow, and reporting capabilities demanded by today's compliance departments."

Chad Gardner, senior vice president of SunGard Online Investment Systems, added, "Albridge has established itself as a reliable provider of accurate and efficient data replication and reporting. Data integrity is vital in any solution where processing sophisticated rules must reference data from multiple sources to reach a conclusion. The more reliable the data that's fed into the Synapse rules engine, the more reliable the results will be, and Albridge's established connectivity will help our customers to implement the solution much faster."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15002 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8247 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7698 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7065 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6251 views comments | 8 tweets | 16 linkedin

Featured job

A minimum of £200K (not a limiting factor)
London

Find your next job