News – UMB Selects SunGard’s Stream Transfer Agency
December 5, 2011 — Wayne, PA UMB Bank, N.A will use SunGard’s Stream Transfer Agency, an ASP-based solution for corporate trust bondholder accounting and recordkeeping. Stream Transfer Agency provides corporate trust departments with Web access to bond issue, financing, bondholder, securities, payment and tax transaction information.
UMB has been using SunGard Corporate Trust solutions since 1999 and moved to Stream Transfer Agency because of the intuitive interface, data mining and report writing abilities, as well as the solution’s enhanced security and regulatory support.
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.”
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 that drill down to underlying detail.
“Corporate trust organizations are seeking new ways to work more efficiently and at a lower cost while meeting increasing regulatory controls and oversight,” said Steve Smith, general manager of SunGard’s securities transfer solutions. “Stream Transfer Agency helps automate and simplify processing for the full range of corporate trust activities.”
About UMB
UMB Financial Corporation (NASDAQ: UMBF) is a financial services holding company headquartered in Kansas City, Mo., offering complete banking, asset management, health spending solutions and related financial services to commercial, institutional and personal customers nationwide. Its banking subsidiaries own and operate banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. Subsidiaries of the holding company and the lead bank, UMB Bank, n.a., include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the company’s proprietary mutual funds and investment advisory accounts for institutional customers. For more information, visit umb.com or follow us on Twitter at @UMBFinancial.
SunGard’s Asset Management Business
SunGard’s asset management solutions help institutional investors, hedge funds, private equity firms, fund administrators, and securities transfer agents improve both investment decision-making and operational efficiency, while managing risk and increasing transparency. SunGard’s solutions support every stage of the investment process, from research and portfolio management, to valuation, risk, compliance, investment accounting, transfer agency and client reporting. For more information, visit www.sungard.com/assetmanagement.
About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves over 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, please visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Stream Transfer Agency are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
