"SunGardâs new converged solution will help maximize the strengths of the current Synapse and BrokerAudit solutions to help provide industry-leading suitability, surveillance, and auditing capabilities," said David Tilkin, product director for SunGardâs compliance and surveillance solutions. "The new solution will also help ensure more rapid delivery of enhancements to customers and help improve integration with SunGardâs wealth management offerings in the future."
Specifically, the solution will offer:
Â· A new compliance dashboard that provides a holistic view of trades, exceptions and flags for a particular jurisdiction
Â· A combined and expanded rules set
Â· A consolidated, interactive trade blotter
Â· Improved risk rank evaluation and auditing at the rep, branch and firm level
Â· Enhanced anti-money laundering (AML) and ad hoc reporting capabilities
Â· Increased flexibility for additional platforms and business analyst control
"Customers will continue to have a choice between the Synapse and BrokerAudit solutions for compliance and surveillance, with a clear understanding of SunGardâs go forward strategy for bringing them together officially next year," said Mr. Tilkin. "SunGardâs converged solution will help provide centralized information across the organization and a more proactive environment, placing information into the hands of people that can help affect change and solve problems before they become serious."
The converged Synapse-BrokerAudit solution will provide enhanced technical flexibility, platform independence, scalability and processing speed. Based on a modular design, the solution will be offered in a batch, Web or offline environment. SunGard will continue to offer the Synapse Workbench for customers who want to define their own rules without the need for customization or specialized technical expertise.
SunGard provides an integrated suite of services to help advisors meet the financial and wealth management needs of high-net-worth investors. By providing an array for client profiling and financial planning, asset allocation and portfolio management, securities processing and asset accounting, consolidated reporting and performance measurement, SunGard helps advisors to deliver a more holistic and consultative client experience.