SunGard Picks Up Finace

SunGard is set to acquire Finace from Swisscom.

SunGard has reached a definitive agreement to acquire Finace from Swisscom IT Services.

The terms of the deal have not been disclosed, but the company will become a part of SunGard's capital markets business under president Brian Traquair. Inside that, it will specifically operate in the division's securities finance business unit, under Craig Costigan.

Finace will combine its securities finance and collateral management solutions with existing SunGard products, such as Apex, Astec, Global One, and Loanet.

"Securities finance requires specialist expertise," says SunGard's Traquir. "The Finace team has a strong reputation in this area, and its skills and solutions will help us enhance our existing offering and create new, compelling propositions for our customers. We look forward to integrating our strategies and bringing our teams together."


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

SEC squares off with broker-dealers over data analytics usage

The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit their use of predictive data analytics. But at the heart of this deal is something far more seismic: one of the first attempts by the SEC to regulate AI.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here