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Global Top Ten Asset Manager Selects XSPR v5 Corporate Actions Platform

XSP, the global leader in automated end-to-end Corporate Actions solutions, today announced that its newest client, one of the world’s top Asset Managers based in New York City, has selected the XSP v5 Corporate Actions automation solution. The recent client, with over US$700 billion in assets under management, will be implementing the XSP Data Management & Scrubbing module; XSP Web-based eTRAN module for automated notifications; response capture and elections processing; XSP SWIFT ISO Messaging and XSP Standing Instructions to streamline its Corporate Actions operations.

The XSP v5 platform is XSP’s state-of-the-art solution developed to automate each step in the processing of global Corporate Actions. A Microsoft Gold Certified Partner, XSP re-engineered its platform using advanced Microsoft technologies. The XSP v5 platform is built around a Service-Oriented Architecture (SOA), utilizing Microsoft .NET components and Windows Communication Foundation (WCF) 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 P. Farrell, Jr., Chief Executive Officer at XSP, said, “We are delighted to provide this leading global Asset Manager with our proven end-to-end platform to mitigate the risks and costs associated with Corporate Actions processing. In addition to upgrading customers on a regular basis with new releases, XSP continuously develops innovative offerings to help the financial community progress forward as the volume of Corporate Actions activity continues to grow. With XSP Professional Services, our team of subject matter experts ensures our clients gain tremendous benefits from the XSP v5 platform. We are extremely pleased to have been selected by this prestigious, world leading asset manager as their global Corporate Actions automation provider of choice and look forward to delivering increased efficiencies and world-class client service.”

The Managing Director at this Global Top Ten Asset Manager, said, “In order to support our institutional and individual investors around the world, we needed a solution provider that is 100% dedicated to the Corporate Actions processing space and capable of delivering today. XSP has an established solution backed by a dedicated team of experienced developers and Corporate Actions experts who support the XSP v5 platform 24/7. In addition to an immediate deployment of their robust product functionality that caters to our unique requirements, XSP’s multi-tenant platform allows us to potentially leverage their product to other business lines within our global organization in the near future. We look forward to working with the XSP Professional Services team for a successful implementation.”

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