Daiwa Securities America is to automate its corporate actions processing using Xcitek’s XSP platform and the company’s corporate actions data. The platform will work alongside SunGard’s Phase 3 back-office system, and is aimed at reducing operational risk and increasing efficiency in corporate actions handling. The system is expected to be live by April. Meanwhile, Invesco has licensed XSP for use in its European and Asian offices as part of an enterprisewide deal. The contract also involves rolling out Xcitek’s eTran notifications system.
A-Team Insight Blogs
Upcoming Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings
Date: 21 January 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions...
The European Commission has launched an investigation into Refinitiv’s proposed acquisition by the London Stock Exchange under the EU Merger Regulation. High among the EU’s main preliminary concerns are fears that Refinitiv’s strengths in providing data feeds and other inputs into index providers’ calculations could put competitors at a disadvantage have emerged as a key...
The highly successful RegTech Summit Virtual was held in November 2020 and explored how business and operating models are adapting post COVID and how RegTech can provide agile and enhanced compliance for managing an evolving risk and compliance landscape. The event featured daily live keynotes, panel discussions, presentations, fireside chats and Q&A sessions with content available on demand over five days.
It’s hard to believe that as early as the 2009 Group of 20 summit in Pittsburgh the industry had recognised the need for greater transparency as part of a wider package of reforms aimed at mitigating the systemic risk posed by the OTC derivatives market. That realisation ultimately led to the Dodd Frank Act, and...