23 October 2017
visit www.response.ncr.com

SunGard boosts processing speed for asset managers and servicers

04 April 2011  |  2142 views  |  0 Source: SunGard

SunGard has completed an optimization project for its Asset Arena solution suite, as part of a two-year project which improved transaction processing speed by up to 85% for its asset management and asset servicing customers.

SunGard's open systems platforms utilize multiple CPUs to help customers shorten investment accounting cycles and reduce operating costs Asset Arena's open architecture helps deliver improved transaction rates to its investment accounting customers without the need for costly code changes or service disruptions. Transaction rates for fund valuation have been decreased by 85% on average, giving firms the ability to process seven times more business within the same timeframe. SunGard stress-tested these systems at volumes of over two billion transactions, without any decrease in speed of processing, thus validating the scalability of the system architecture for the world's largest asset managers and servicers.

The move to open systems was achieved using UniKix hosting technology from Clerity, a leading provider of mainframe migration, modernization and optimization solutions. Brandon Edenfield, president of Clerity, said, "Clerity is proud to partner with SunGard to help the company optimize its substantial application investments without sacrificing functionality or introducing risk into the migration to open systems. We worked with SunGard to target key areas to speed processing and to capitalize on both the higher performance and lower cost of ownership of open systems."

Martin Boyd, president of SunGard's asset management business, said, "The improved speed and scalability we achieved will help produce greater productivity gains for Asset Arena customers, who are highly dependent on complex and time-sensitive computations such as Net Asset Value (NAV) calculations. With the maturity of open systems, we confidently operate our largest customer installations in an n-tier infrastructure, with a choice of deployment platforms to maximize efficiency and minimize processing time. When processing transactions, our customers demand the ultimate in both speed and reliability. SunGard's investments in technology further underscore our commitment to deliveo delivering real benefits that help improve our customers' businesses."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Register nowvisit www.vasco.comvisit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
18329 views comments | 24 tweets | 36 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
14865 views comments | 23 tweets | 31 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10781 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10231 views comments | 13 tweets | 10 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job