According to the company, the Regulatory and Risk practice is aimed at helping customers increase transparency, improve efficiencies and mitigate risk.
It will help organizations analyze business practices, staff competencies, technology platforms and third party arrangements to assess readiness and address gaps within compliance and risk programs, and technology and data infrastructures.
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Melissa Cullen, executive vice president for SunGard’s wealth management business, said within the coming years, financial services institutions will continue to face a multitude of regulatory and accounting changes. At the same time they will need to control systemic, counterparty and financial risk, and increase efficiencies and service.
"By offering a consulting practice staffed by subject matter experts with deep domain knowledge, SunGard is able to help customers assess their specific risk and regulatory challenges, while also implementing solutions to address these challenges within the required timelines," Cullen said.
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