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Orchestria Selected by SunTrust to Help Support Compliance Initiatives
Orchestria policies accurately monitor electronic communications channels for broad risk categories
New York, NY - November 04, 2008
Orchestria, the proven leader in Information Protection and Control, has announced that its Messaging Compliance solution has been selected and deployed by SunTrust Banks Inc., one of the nation’s largest banking organizations.
SunTrust selected Orchestria Messaging Compliance to analyze electronic communication channels in support of internal corporate policies as well as SEC and FINRA regulatory compliance requirements. Orchestria policies monitor more than 180,000 emails and IM messages per day and protect information across many risk areas, including regulatory, customer treatment, and data privacy, e.g. personally identifiable information, intellectual property, and non-public information. In addition to providing supervisory capability, Orchestria Messaging Compliance also enables SunTrust’s compliance organization to mitigate risk and support field operations.
Orchestria's policy-based solution supports users within several SunTrust lines of business including SunTrust Investment Services, SunTrust Robinson Humphrey and RidgeWorth Capital Management.
Deployed on time and under budget, the Orchestria solution has “exceeded expectations,” said Sandi Tedford, Risk Officer, Wealth & Investment Management, SunTrust. “Orchestria was one of the few firms that brought new ideas to the table when we committed to finding a better way to address the regulatory issues and risks associated with electronic communications,” said Tedford. “Our field tells us that Orchestria has reduced the time it takes to ensure we are compliant with regulations and corporate directives while increasing the accuracy and ultimate compliance compared to our previous systems.”
“Orchestria solutions are the clear choice for organizations that seek to limit risk in electronic communications, empowering employees to confidently use electronic communications for valid business actions while providing support for corporate compliance initiatives,” said Bo Manning, Orchestria president and CEO. “Orchestria’s accuracy, broad selection of policies and review capabilities are critical tools for SunTrust.”
About Orchestria
Information is one of a business’s most important assets. Orchestria, the leader in Information Protection and Control, provides the software and solutions to help organizations protect and control this critical resource wherever it is stored or used, significantly minimizing the risks associated with uncontrolled information. Orchestria addresses a broad set of risks while minimizing the operational burdens associated with the detection and remediation of these risks. Orchestria helps customers prevent data loss, ensure messaging compliance, and enforce information classification and control.
Deployed across more than 500 companies in 33 countries worldwide, Orchestria intelligently analyzes and actively protects and controls more than 100 million electronic actions every day. The company has over 50 patents granted or pending in the field of Information Protection and Control. For more information, visit www.orchestria.com.
About SunTrust Banks Inc.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of September 30, 2008, SunTrust had total assets of $174.8 billion and total deposits of $115.9 billion. The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and capital markets services. SunTrust’s Internet address is suntrust.com.
Stephanie PowersOrchestria
+1 212-402-3336
stephanie.powers@orchestria.com
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