BancWare Gets Support for Sox
NEW YORK—SunGard last week released an updated version of its BancWare risk management platform that is intended to help comply with sections of the U.S. Sarbanes-Oxley Act (Sox).
The 2002 Sox legislation was signed into law amid a wave of accounting-related scandals at major U.S. companies like Enron and WorldCom. U.S. lawmakers sought to establish stricter reporting standards for public companies, which ultimately trickled down to how firms handle their IT systems. An increasingly automated workforce at firms, including banks and brokerages, means that IT administrators must keep tabs on e-mails, instant messages and a wide range of other electronic communication.
SunG
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