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.
A-Team Insight Blogs
First American Picks XSP For Corporate Actions
Rising volumes and increasing complexity of corporate actions are challenging market participants’ efforts to reconcile data, automate corporate actions processing, and contain costs. The culprits causing these challenges include legacy systems, missing skills, manual processes, data quality issues, and a lack of standardisation. Added to these is the increasing complexity of corporate actions such as...
The Derivatives Service Bureau (DSB) has published its final report on a fee model for the Unique Product Identifier (UPI) that will come into play in July 2022. The report – Principles Underlying the Fee Model for the Unique Product Identifier (UPI) Service – is based on two consultation papers and considers both the UPI...
This summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.
Following on from the success of our Regulatory Data Handbook, A-Team Group is pleased to introduce its new Entity Data Management Handbook which is available for free download. This Handbook is the ultimate guide to all things entity data: Why Entity Data is important A full review of Legal Entity Identifiers (LEIs) Where they came...