About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Fortune 100 Financial Services Company Selects XSP v5 Corporate Actions Platform

Subscribe to our newsletter

XSP, a provider of corporate actions software, announced today that a leading investment manager, a Fortune 100 financial services company, has selected the XSP v5 platform to automate its corporate actions processing. With headquarters in New York, the client will implement most of the XSP processing modules including Data Management & Scrubbing, Notifications & Responses, Entitlement Management, Standing Instructions as well as the web-based eTRAN tool and SWIFT ISO Messaging engine for automated notification, response capture and elections processing.

The XSP v5 platform is XSP’s solution developed to automate each step in the processing of global corporate actions. A Microsoft Gold Certified Partner, XSP has re-engineered its platform using advanced Microsoft technologies. The XSP v5 platform is built around a service-oriented architecture (SOA), utilising Microsoft .NET components and web services for global enterprise-wide processing. Accredited with the SWIFTReady label, the XSP v5 platform is SWIFT 15022 compliant and combines cutting-edge technology with feature-rich functionality to mitigate operational risks and costs for end-to-end straight-through processing (STP).

Brendan Farrell, CEO at XSP, said, “In such a risk-prone and costly operation as corporate actions, it is imperative that financial institutions have the most advanced and innovative solutions to lower costs, minimise risks and position themselves for growth for the future. As the volume and complexity of events continue to rise, companies – like our latest asset management client – understand the critical need to automate to achieve greater STP. Additionally, they will benefit from the deployment of our powerful SWIFT ISO Messaging engine to automate the full lifecycle of the SWIFT corporate actions process flow. They are an excellent candidate for the Alliance Lite product, which offers SWIFT connectivity and compliance in SWIFT ISO messaging, without the requirement of additional investments in hardware. With the imminent Standards Release 2010 (SR2010) mandated changes, we are working with our large SWIFT client base to ensure a smooth transition for the November 2010 live date. We welcome our latest high-profile client to XSP and look forward to providing them with world-class support before, during and after implementation of the XSP v5 platform.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: ESG data sourcing and management to meet your ESG strategy, objectives and timeline

ESG data plays a key role in research, fund product development, fund selection, asset selection, performance tracking, and client and regulatory reporting, yet it is not always easy to source and manage in a complete, transparent and timely manner. This webinar will review the state-of-play on ESG data, consider the challenges of sourcing and managing...

BLOG

Webinar Preview: ESG Data Management Challenge of New Sourcing Landscape

Financial institutions face a new set of ESG data management challenges even though data sourcing has become easier as the sustainability sector has matured. While more data is available to firms, thanks to a combination of new reporting regulations and standardisation of disclosure frameworks, the increasing variety of information needed and the volumes in which...

EVENT

RegTech Summit London

Now in its 8th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook – Fourth Edition

Need to know all the essentials about the regulations impacting data management? Welcome to the Fourth edition of our A-Team Regulatory Data Handbook which provides all the essentials about regulations impacting data management. A-Team’s series of Regulatory Data Handbooks are a great way to see at-a-glance: All the regulations that are impacting data management today A...