Back to all announcements

SunGard Releases Correspondent Portal 3.0 for Online Investment Portfolio Modeling and Analytics for Large Banks, Affiliates and Correspondents

Bedford, MA – April 3, 2002 – SunGard Securities Processing, an operating group of SunGard (NYSE:SDS), announced today the latest release of its Web portal service, Correspondent Portal 3.0. Designed for use with SunGard’s InTrader bank treasury, safekeeping and investment portfolio management system, Correspondent Portal gives large banking institutions the ability to securely provide investment portfolio reporting, analysis, messaging, and document storage and archives to bank affiliates, remote sales people and correspondent financial institutions via a turnkey Web application hosted by SunGard.

As the banking industry continues to face increased pressure to retain customers and increase revenues, institutions are seeking enhanced productivity tools that not only improve customer service, cost savings and convenience, but can also serve as advisory and performance tools to enhance strategic selling of specific products.

First National Capital Markets of Omaha, Nebraska has been an InTrader and Correspondent Portal user since March 2001. Correspondent Portal allows First National to provide their correspondent customers with Web access to their monthly investment portfolio and accounting reports and quarterly analytics, while also providing their affiliates with daily accounting and quarterly analytics.

"Correspondent Portal has enabled us to achieve significant time and cost savings and add value to the service we provide to our correspondents and affiliates," said Ron Andikasim, manager of First National Capital Markets’ Financial Strategic Group. "The system is easily adaptable and has proven instrumental in our ability to attract new customers."

Correspondent Portal provides the following features and advantages:

-Enhanced portfolio extract capability for exporting data to third party risk management and asset/liability systems. Portfolio extract provides details on current investment portfolio inventory, including interest rates, caps, floors, index, and pre-payment information, for more robust financial modeling and analysis.

-Safekeeping and investment portfolio reporting and analytics on past performance and "what if" financial modeling and forecasting on a variety of securities, including the most complex of structured products. This provides correspondent banks with the ability to easily view interest rate risk analysis, cash flow forecasts, total return analysis and bond swap scenarios. Robust regulatory rate shock and financial forecasting tools are also available for powerful peer group comparisons.

-Electronic message routing for standardizing and improving accuracy of communications on purchases, sales, and ongoing maintenance of inventory. Online messaging reduces faxes and telephone support, providing correspondents with better service, and service providers with significant time and cost savings.

-Online document storage and archiving of historical accounting, management and regulatory reports, presented via a customized portal featuring the lead institution’s logo and page format. This capability gives correspondents instant online access to reports that were traditionally distributed by mail, and offers the service provider a locally stored, online backup and source of research.

"With Correspondent Portal, we’ve combined the power of the Internet with our comprehensive solution for bank treasury and portfolio management to provide a complete online money management system," said Mike Nemerowski, president and group CEO of SunGard Securities Processing. "This solution provides large banks with the most advanced correspondent service offering available."