SunGard and Albridge align data for brokerage compliance
06 October 2004 | 1344 views | 0
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."