UMB picks SunGard's solution for TA 08 December 2011Wayne Reporter: Anna Reitman
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UMB Bank will use SunGard's Stream Transfer Agency for data mining and reporting capabilities.
Stream Transfer Agency provides tools for compliance with the latest regulatory requirements such as cost basis recordkeeping and supports the protection of personally identifiable information. Users can access a consolidated portfolio view of each holder’s investments in both debt and equity instruments and can run advanced reports on underlying detail.
Joe Christian, UMB vice president, Operations and Technology Group, said, “SunGard’s Stream Transfer Agency provides us with a comprehensive platform for debt recordkeeping and accounting that can quickly expand to support growth. SunGard’s ability to host and manage the solution in a highly secure service environment is essential, as this helps free our IT resources.”
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