Protegent’s flagship application, BrokerAudit, helps simplify the process of supervising the trading activity of registered representatives and investment advisors. It analyzes the quality of supervision and practice, provides a platform for effective suitability-based analysis, automates field audits, and responds on an ongoing basis to both regulatory and legislative challenges.
Protegent will join SunGard’s existing Synapse product suite, which currently provides expert behavior detection systems that automate compliance, supervision and transaction monitoring for brokerage and insurance firms.
SunGard’s Synapse Surveillance is a real-time, rules-based system that aggregates data from multiple sources to analyze, score and identify transactions or accounts that could be in violation of regulatory, industry or company guidelines. Compliance officers and field supervisors use the integrated system to monitor transactions and employee activity across an enterprise, as well as to collaborate on identified issues to quickly take corrective action.
David Tilkin, former CEO of Protegent and now executive vice president at SunGard Online Investment Solutions, said that, With constantly increasing regulatory and legislative challenges, ethical practice controversies, and well-publicized regulatory fines, demand for brokerage compliance automation tools continues to increase.
The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.
