|SunGard, Microsoft and Intel Collaborate on First Microsoft .NET Solutions for Financial Services Industry|
.NET Framework provides robust platform for integrated straight-through processing
NEW YORK--(BUSINESS WIRE)--June 19, 2001-- Today at the Securities Industry Association's Technology Management Conference and Exhibit, SunGard, Microsoft Corporation and Intel Corporation announced a joint collaboration to deliver the first Microsoft .NET-based solutions for the financial services industry.
As part of ongoing development efforts, SunGard and Microsoft are working together to use the Microsoft .NET framework for SunGard's Knowledge Factory, AddVantage and IntelliTran products.
Microsoft .NET is Microsoft's vision and platform for the third generation of the Internet where software is delivered as a service -- accessible via any device, any time, anywhere -- and is distributed, programmable and customizable.
The Microsoft .NET Platform is explicitly designed to enable the rapid development, integration and orchestration of any group of XML Web services and applications into a single, comprehensive solution.
Intel and SunGard are also working closely together to optimize a number of applications such as these to run optimally on Intel® Xeon(TM) processor-based systems, as well as Itanium(TM)-based systems.
Beginning with last year's announcement of the development of SunGard's 64-bit Panorama(TM) trading and risk management application for Itanium-based systems, Intel and SunGard have continued their collaboration in order to deliver leading Intel-based products to the financial services industry.
Moving forward, SunGard plans to continue its development of a .NET, Itanium-based software platform that will support the next generation of financial Web services.
The .NET Framework provides a robust platform for SunGard applications to enable the integration of financial Web services and straight-through processing (STP) within and between financial institutions and their customers.
SunGard's Knowledge Factory, AddVantage and IntelliTran products represent market-leading solutions for risk management, asset management and straight-through processing (STP), and are used by hundreds of top tier financial services institutions worldwide.
SunGard Knowledge Factory is an online, cross-asset portfolio analysis and management solution that allows financial institutions to provide a wide range of aggregated information both internally and to customers, any time, anywhere.
SunGard AddVantage is the only fully Internet-enabled asset management systems to provide real-time solutions for investment management, trust accounting, custody and private banking. SunGard IntelliTran supports self-service research via the Web, allowing customers of financial institutions access to their cash and securities statements and transaction details.
Customers can use this information to resolve their own exceptions without manual interaction with their financial institution.
``Microsoft is pleased to be working with industry leaders SunGard and Intel to deliver trading, risk management and STP-enabling solutions over the Internet using the .NET Framework. The combination of SunGard solutions, Microsoft .NET technology and 64-bit computing will offer a reliable, easy-to-use and scalable solution for financial services over the Internet,'' said Jeremy Lehman, chief technologist, financial markets, Microsoft.
``The delivery of open, standards-based technology is essential for the financial services industry where performance, scalability and reliability are critical,'' said Tom Gibbs, director, Intel industry marketing. ``The power of Intel-based systems, the leadership of SunGard solutions, and the Microsoft infrastructure and integration technologies such as .NET are providing the infrastructure required to improving clearing and settlement times from T+5 days to T+1 in the financial services sector.''
Mack Gill, director, global alliances, SunGard said, ``As leaders in delivering Microsoft .NET and 64-bit computing solutions, SunGard remains at the forefront of technology for financial services. By collaborating with Microsoft and Intel, we are well-positioned to deliver next generation of XML Web service solutions.''