Press Releases
SunGard’s Protegent Wins FSOkx Award for Excellence in Technology Innovation
June 9, 2009 — Salt Lake City, UT
June 9, 2009 – Financial services media and research company
FSO Knowledge Xchange (FSOkx) has named SunGard’s
Protegent compliance, surveillance and supervision solution as the winner of the “Technology Innovation in Financial Services Transformation” Excellence Award presented at the
3rd Annual Financial Services Industry Transformation and Outsourcing Strategies Summit on June 4, 2009. FSOkx serves the banking, insurance, and capital markets, focusing on the emerging trends, executive perspectives, and enterprise case studies in the area of financial services outsourcing.
A panel of judges comprised of thought leaders and visionaries in the financial services sector assessed nominations carefully to fairly determine eligibility and the best performers in each category. FSOkx awarded service providers in the categories of Risk Management Systems and Compliance, Business Process Management, Performance Measurement, Technology Innovation in Financial Services Transformation and Outsourcing Deal of the Year (Banking, Insurance, and Capital Markets).
Rekha Vatsa, chief executive officer of FSO Knowledge Xchange, said, “After evaluating the wide range of industry offerings comprehensively, we selected SunGard as the winner among five leading organizations for the Technology Innovation category. SunGard’s Protegent solution impressed us in particular for its differentiating attributes, customer benefits and interoperability.”
Steve Sabin, chief operating officer of SunGard’s Protegent business unit, said, “SunGard remains at the forefront of addressing the evolving challenges of customers with technology solutions that help identify risks before they become an issue. As the scope of the regulatory landscape continues to significantly expand, our customers can rely on SunGard Protegent’s wealth of experience, best practices and comprehensive suite of compliance solutions to help them identify and manage risk and anticipate and adhere to compliance requirements.”
About SunGard’s Protegent SunGard’s Protegent
solutions for compliance, suitability and new account opening help retail and institutional investment firms oversee business processes relating to client acquisition and suitability, including Know Your Customer and OFAC list checking, as well as employees’ personal trading and code of ethics, while helping reduce expenses and address regulatory requirements. Protegent supports supervision and practice, helps streamline the compliance life cycle, proactively monitors trades and provides comprehensive auditing and reporting.
About SunGardSunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at
www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker
http://www.datamonitor.comTrademark Information: SunGard, the SunGard logo and Protegent are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.