Blackstone and Intel to join SunGard in Finalist Judging Panel
New York- July 9, 2014- On June 11, 2014, more than 500 SunGard developers in 30 cities around the world took part in SunGard’s Global Coder Cup. Participants had a 48-hour timeframe to focus on creating new technologies and solutions for the financial services industry. Out of the 115 teams that participated, the best teams from each region – North America, Europe, Asia Pacific, India and Africa – were selected to compete in a final championship round which will be an in-person 48-hour coding competition that will take place in London in September.
Supported by tools such as MongoDB, Google Predictions, Twitter Bootstrap and Leap Motion, the chosen finalists created applications with predictive analytics capabilities, intuitive visualization for faster decision-making, and face recognition for enhanced security.
Russ Fradin, SunGard’s chief executive officer, said, “Our customers are operating in a challenging environment characterized by pressure to grow revenue while reducing costs and managing regulatory change. By handling their technology needs, which can include services such as hosting and managed IT services, we help our customers focus on client-facing initiatives, revenue-generating activities, cost containment and regulatory compliance. Our Coder Cup event attests to our commitment to continue creating and improving the technology that can help our customers achieve their goals.”
The final championship, sponsored by Intel, will take place at a thrilling venue in London and will include a judging panel made up of SunGard executives, thought leaders and industry experts from companies such as Intel and Blackstone. The venue and the judging panel will be announced in August.
“I’m pleased to participate in the SunGard Global Coder Cup to encourage the creativity and innovation that flourishes at these events. Innovative problem solving is always helps push industries, and Financial Services specifically, to be more competitive, more efficient and less risky. I commend SunGard's efforts to invest in innovation and to find new and better ways to serve our industry’s needs,” said William Murphy, chief technology officer at Blackstone.
“It is my pleasure to support SunGard’s Global Coder Cup as a judge. I am a strong believer in the power of developer events like this to help companies create competitive advantage by connecting people, devices and information with APIs. I look forward to seeing some very creative and innovative minds at work in London,” said Oren Michels, co-founder of Mashery and Chief Strategist for Intel Services Division.
This is SunGard’s second global codeathon. Last year the winning team of the 425 participants created a risk solution for corporate actions, using new visualization tools that provide the user with a more intuitive and holistic view of risk.