First American Picks XSP For Corporate Actions

California investment adviser First American Trust is to use Xcitek software to automate its corporate actions processing. The Xcitek Solutions Plus (XSP) ISO 15022-compliant global corporate actions automation solution developed by New York-based data company Xcitek and Solutions Plus will be used by First American to manage corporate actions processes and monitor exceptions by automating data capture, event notification and response tracking through the processing of entitlements. Xcitek says installation of the software and staff training was completed in eight weeks. First American Trust has also subscribed to Xcitek’s corporate actions data services for corporate and municipal securities.