SunGard Launches New Solution for Compliance, Surveillance, Suitability

SunGard has introduced Protegent Surveillance, a solution that combines capabilities of SunGard's Protegent BrokerAudit and Synapse Surveillance products into a comprehensive compliance and surveillance solution for insurance carriers and other financial services institutions. The first version of Protegent Surveillance includes trade review capabilities for reviewing client profiles, transactions, and accounts to help provide transaction review and account monitoring for suitability-based, ethical, and quality-of-practice analysis.

"Protegent Surveillance was designed to help compliance officers meet the increasing challenges of time- and labor-intensive trade review processes as well as to communicate effectively with supervisors and reps in the field," says Paul Erickson, president of SunGard's Protegent business."

SunGard will release the next version of Protegent Surveillance in the second quarter of 2006, which will add modules for consolidated client-data auditing, account risk ranking, and anti-money laundering exception management for detecting "red flag" conditions against criteria developed by the National Association of Securities Dealers (NASD).

Protegent Surveillance is designed to help insurance companies analyze the quality of supervision and practice, verify client suitability, identify questionable transactions and positions, support field audits, and respond quickly to both regulatory and legislative challenges. Protegent Surveillance supplies financial services institutions with enhanced technical flexibility, platform independence, scalability, and processing speed.