Treasury Management Internation Logo

Singapore Financial Services Firms Select SunGard’s Managed Services to Help Optimize Performance

Published 

SINGAPORE – A group of financial services firms in Singapore have chosen to migrate their operations to SunGard’s managed services to help adapt to industry change, optimize performance, boost cost efficiencies, leverage new technologies and focus on serving their clients.

Among the firms that selected SunGard’s managed services include the Securities Association of Singapore – AmFraser Securities, CIMB Securities, DBS Vickers, DMG & Partners, Lim & Tan, Phillip Securities and UOB Kay Hian. As existing SunGard customers whose trading operations are supported by SunGard’s Valdi trading platform, the firms will now run the latest version of the solution as a managed service co-located at the Singapore Exchange.

Across SunGard’s customer base of approximately 16,000 customers around the world, the software and services provider has been seeing a growing trend among financial services firms to outsource more IT infrastructure needs, which has resulted in moving more software and solution offerings to managed services environments. The combination of software and managed services will help these Singapore-based firms leverage new functionalities including securities and derivatives trading from the same terminal, with the possibility to connect from anywhere via the Internet, advanced trading algorithms and integrated multi-market pre-trade risk management features. Migrating their trading operations to SunGard’s managed services model will help these firms control costs, increase agility, lower operational risks and optimize system uptime and processing reliability for their clients.

OCBC Securities Private Limited (OSPL) is another Asia-based firm that is using Valdi on SunGard’s application service provider (ASP) model to help keep it updated with software upgrades and regulatory compliance requirements, such as the Monetary Authority of Singapore’s recent trading risk management (TRMv4) guidelines. Moving to SunGard’s ASP model will also help OSPL rationalize systems maintenance costs, enhance its scalability and re-deploy staff more strategically to help impact the bottom line.

“SunGard’s Valdi has helped us in developing best practices to drive competitive advantage while keeping up-to-speed with regulatory standards. In particular, the system’s scalable functionality helped us to achieve these with minimal interruption to our trading activities. Leveraging Valdi on SunGard’s ASP model will help us capitalize on SunGard’s software and services expertise,” commented Raymond Chee, Managing Director, OCBC Securities Private Limited

“Asia’s trading landscape continues to evolve with cross-asset and multi-market trading. As such, many firms in the region are looking to rationalize technology vendor relationships to support their spectrum of software and service requirements. This helps them to leverage third party expertise so they can focus their efforts on core business strategies that enable them to successfully capitalize on this market change. By providing a combination of software and technology services, SunGard is committed to helping all of these regional firms grow their businesses by providing their clients with enhanced trading solutions that fit their changing needs,” concluded Nasser Khodri, managing director, Asia-Pacific, SunGard.

As part of its organic growth model, SunGard is committed to strategically investing in its portfolio of software and services to help drive growth for customers. SunGard’s focus is on helping customers improve the client experience, better understand their risk positions, take a strategic approach to regulatory compliance, harness data and business intelligence, and leverage the cloud and managed services.

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...

25:12

HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...

16:24

The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...

33:16

HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....

20:58

Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...

34:25

HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...

25:48

Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...

28:21

Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...

16:54

Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...

23:55

Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...

23:55