SIX Financial Information Adds Data to Meet Final Withholding Tax Requirements
SIX Financial Information is meeting the data demands of withholding tax treaties between Switzerland and the UK, Germany and Austria with the integration of tax qualifications for securities and corporate actions in its Valordata data feed and Telekurs iD data look-up terminal. The company has been working with paying agents, essentially banks, in Switzerland over...
DTCC Builds User Base Around ISO 20022 Corporate Actions Solution
DTCC has begun to build a user base around its ISO 20022 real-time corporate actions solution following the addition of BNY Mellon to existing user Brown Brothers Harriman. Both participated, along with JP Morgan, in a DTCC pilot programme that began in 2010 and led to the introduction of the DTCC standard-based solution late last...
Bank Sarasin Tackles Corporate Actions Operational Risk with Aim Software
Swiss private bank Bank Sarasin has increased its investment in Aim Software solutions, adding the company’s corporate actions data scrubbing and matching capability to an existing data management structure based on Aim’s Gain platform and supporting pricing and static data since 2002. The bank looked at a range of corporate actions solutions to automate manual...
Cantor Fitzgerald Upgrades to XSPrisa SaaS Model for Corporate Actions
Cantor Fitzgerald has become the second customer to license XSP’s software-as-a-service (SaaS) XSPrisa solution for automated corporate actions processing. The first customer, an unnamed but large global firm based in New York, has been in production for three months following XSP’s introduction of XSPrisa this spring. Cantor Fitzgerald has been using the enterprise version of...
DST Meets Customer Demand for Corporate Actions through Deal with XSP
DST Global Solutions has responded to customer demand for a corporate actions solution on its HiPortfolio investment accounting platform through an agreement with XSP that covers joint development of a HiPortfolio integrated corporate actions module that will be powered by XSP. Initially, the solution will be made available in Australia and New Zealand where DST...
Brown Brothers Harriman Works with DTCC to Reduce Risk in Corporate Actions
Brown Brothers Harriman (BBH) has gone live with DTCC’s standards-based corporate actions real-time messaging and expects the solution to provide both operational efficiencies and reduced operational risk. The solution is part of a multi-year corporate actions reengineering project at DTCC that will replace 60 legacy systems by 2015 with a single platform that is compliant...
S&P Capital IQ and EDI Join Forces for Global Corporate Actions Service
S&P Capital IQ and Exchange Data International (EDI) have combined their respective North American and global data to deliver a consolidated global dividends and corporate actions service that will support risk management with timely and accurate corporate actions information. The move catapults the companies into competition with Interactive Data, Bloomberg and Thomson Reuters. The global...
XSP Shifts Corporate Actions Solution into the Cloud to Cut Client Costs
XSP has made its first move into the cloud with a lightweight version of its corporate actions processing solution. Called XSPrisa, the software-as-a-service (SaaS) offering is aimed at Tier 2 and top Tier 3 market participants that feel the company’s enterprise-scale software is beyond their reach. According to Daniel Retzer, chief technology officer at XSP,...
XSP Extends Market Reach of Automated Corporate Actions Solution
XSP is extending the market reach of its automated corporate actions solution through a deal with technology services provider Broadridge Financial Solutions and a cloud-based version of its software. Under the terms of the Broadridge deal, Broadridge will offer XSP v5 as an integral element of its hosted applications service provider platform, as a service...
Industry White Paper Urges Firms to Outsource Corporate Actions Validation Function
Financial institutions that require accurate, timely and cost-effective corporate actions information could derive significant benefits from outsourcing some functions to independent firms that offer high-quality global corporate actions information and validation services. This view is expressed in a white paper – Building the Business Case for Outsourced Corporate Actions Validation – that was prepared for...