Commentary from SunGard experts on news and events affecting the financial services industry.
Contributor: SunGard Viewpoint
In Part 1 of SunGard’s two-part series on “Mobile in Financial Services,” Neil Palmer, partner of advanced technology services for SunGard's Global Services business, and Jennifer Valdez, senior vice president of SunGard's wealth & retirement administration business, discuss the impact of mobile technology on the financial services industry, and in particular, wealth firms and their clients.... read more
Contributor: Mark Gialo
Come July 2012, FINRA will be “raising the bar” on the fiduciary obligations financial advisors have relative to their clients. While prior rules (FINRA 405 & 2090) emphasized transaction suitability, FINRA 2111 suitability & 2090 know your customer rules focus on greater investor protection and advisor accountability. This puts the onus on financial advisors to use reasonable diligence and understand essential facts about their clients. Broker dealers need to interpret and incorporate the new FINRA regulations into their technology solutions to ensure they are in compliance. What is the scope of this activity? What are the rules and enhancements necessary to fulfill the obligation set forth by FINRA?... read more
Contributor: Brad Mintun
“Do more with less,” is the mantra of consultants and the marching orders of senior executives. In today’s world of increased competition and compressed margins, companies want methods to improve efficiency. Automation is the “low-hanging fruit,” often offering “wins” for both the business and technical teams.... read more
Contributor: Scott Hasken
No matter how you differentiate your services from your competitor’s, every recordkeeping operations provider is faced with the repetitive task of collecting, reformatting, validating, and posting payroll data. Finding ways to process payrolls more efficiently is a personal passion of mine. I am constantly looking for ways to improve the data collection process. I also look to find ways to empower the person submitting the data with the information they need to adjust their payroll data in response to validation results. With something as large as an employer’s monthly 401k contribution remittance at stake, finding every opportunity to efficiently collect and validate payroll data is more important than ever.... read more
Contributor: Colin Day
So having spent three of the last four weeks in Shanghai, it was time for me to move on over the weekend. Following a 4 ½ hour flight, my flight touched down at Singapore’s Changi Airport Terminal 2, and at 7pm as the plane coasted to a halt the captain proudly announced the outside temperature was 86 degrees. This was nothing to the temperature that, unbeknown to me would be felt inside the baggage reclaim hall.... read more
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