U.K.-based hedge fund advisor Polygon Investment Partners has licensed the XcitekSolutionsPlus’s XSP corporate actions processing platform. Polygon plans to interface XSP with the FundManager portfolio management system from Beauchamp Financial Technology. The global hedge fund is seeking to streamline its corporate actions process for optimal operational efficiency across its London and New York offices. According to Manuel Guerrero, head of operations at Polygon, XcitekSolutionsPlus’s willingness to collaborate on interfacing XSP with FundManager was one of several key factors in the decision. For XcitekSolutionsPlus, the Polygon deal represents the third hedge fund win, and its first hedge fund client in Europe.
A-Team Insight Blogs
Hedge Fund Advisor Polygon Licenses XSP for Corporate Actions
Date: 15 September 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes 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...
Regulation itself is the primary driver behind an expected rise to £30 billion in UK financial institutions’ annual AML costs to £30 billion by 2023, a survey from LexisNexis Risk Solutions has found. The increase, from £28.7 billion in 2020, appears set to be invested in personnel rather than technology, however, with the survey –...
Now in its 6th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...