New York, NY (Vocus/PRWEB) February 07, 2011
SunGard has launched Protegent Social Media Surveillance, a social media compliance and surveillance solution that helps firms monitor and archive content posted to social networking Web sites, such as Facebook, LinkedIn and Twitter, regardless of the device used to make the posts. Protegent Social Media Surveillance helps firms efficiently manage supervisory regulatory obligations and enforce internal social media policies by providing automated pre-approval workflows and robust reporting and alerting capabilities. Protegent Social Media Surveillance is the latest addition to SunGard’s Protegent integrated suite of suitability, surveillance and supervision solutions that offer greater visibility into potential compliance risks while helping to increase regulatory transparency.
The increasing popularity of social networking Web sites introduces potential risk factors for organizations seeking to monitor content that may breach internal communication and privacy policies. With Protegent Social Media Surveillance, financial services firms can manage supervisory requirements from Financial Industry Regulatory Authority (FINRA) by utilizing tools for moderation and pre-approval of content that may be considered advertisement. The solution’s alerting, reporting and archiving capabilities help financial firms adhere to FINRA books and records surveillance requirements. Protegent Social Media Surveillance features integrated search and reporting, automated policy alerts, lexicon detection, approval workflow and e-mail notifications.
Protegent Social Media Surveillance is the result of a partnership between SunGard and SiteQuest Technologies Inc., a leading provider of social media Web archiving tools. The new solution leverages SiteQuest Technologies’ Web consumption technology and SunGard’s Protegent comprehensive compliance rules library to automate monitoring of social networking activity.
Steve Sabin, chief operating officer of SunGard’s Protegent business unit, said, “Protegent Social Media Surveillance helps firms adhere to regulatory guidelines related to the use of social media, as set forth in FINRA notice 10-06.”
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 compensation processing, 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 surveillance practice, helps streamline the compliance life cycle, proactively monitors trades and provides comprehensive auditing and reporting for financial institutions and companies that trade in energy and commodities markets.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. 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 380 on the Fortune 500 and is the largest privately held business software and IT services company.
Trademark 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.