Xcitek’s Cost Basis is now live at its first client site, an undisclosed online brokerage headquartered in San Francisco (erm, Charles Schwab, maybe?). The service, accessed through a secured session on the broker’s website, allows clients to calculate the cost basis of equity positions back to the original trade date. First introduced in 2004, Cost Basis uses Xcitek Cost Basis Calculator, a tool for automated calculation of cost-basis adjustments already in use in institutional back office areas such as ACATS Transfer, Tax Reporting, Fund Account and Corporate Actions. Xcitek’s future plans for the calculator include Tax lots and advanced fund accounting tools.
A-Team Insight Blogs
Xcitek Goes Live with First Cost Basis Client
Recorded Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings
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 can enhance their client onboarding experience, streamline their internal operations, and open the door to new,...
In pursuit of data collaboration and standardisation across capital markets, the Fintech Open Source Foundation (FINOS) and Goldman Sachs have released Legend, the bank’s flagship data management and data governance platform. The source code for five of the platform’s modules is available from FINOS. Goldman Sachs contributed its PURE logical modelling language and Alloy platform...
The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.
Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...