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The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

XSP Goes Mobile

XSP announced today that it is the first to unveil a mobile application for corporate actions processing. The new mobile app will be presented at the Sibos conference taking place October 25-29, 2010 in Amsterdam. Leveraging the customisable user interface technology behind the XSP GO! product, this mobile version offers clients ‘on-the-go’ access to corporate actions notifications and the functionality to process responses and elections.

The XSP v5 platform is the state of the art solution developed to automate each step in the processing of global corporate actions. Deployed locally or ‘in the cloud’, the XSP v5 platform is built around a service-oriented architecture (SOA), utilising 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).

The XSP GO! product is one of the latest innovative offerings from XSP designed to provide clients with customisable user interface components for major functions within the XSP platform. These components can be arranged and customised based on each user’s preference to enhance their securities processing experience and boost productivity levels. The XSP GO! mobile app will allow clients to view corporate actions notifications and submit elections against those corporate actions for downstream processing.

Dan Retzer, managing director and chief technology officer at XSP, said, “Technology evolves at a rapid pace and the rising mass adoption of increasingly powerful mobile devices drives the growing demand for intuitive, mobile applications. The XSP GO! mobile app is designed to be personalised by the user, displaying corporate actions data that is pertinent to his or her unique workflow. With the XSP GO! mobile application, clients can respond to a corporate actions event without the need to be tethered to a desktop. XSP’s commitment to developing innovative solutions, such as the forthcoming XSP GO! product and the XSP GO! mobile application, provides our global client base with the tools to personalise their technology experience and improve productivity.”

Paul Fullam, senior director, business strategy at XSP and co-chair of ISITC corporate actions working group, said, “With the XSP GO! product, the customisable user interface allows clients the ability to deploy a flexible kit of interface components so that they have access to the personalised tools to process corporate actions on their dashboards. We are now extending the unique capabilities of the XSP GO! product onto a mobile platform. As more and more financial institutions launch mobile applications, XSP continues to lead the industry with cutting-edge technology by unveiling the first-ever mobile solution for corporate actions notification and elections processing. These advancements further increase the value that XSP delivers to our clients by helping to support their aggressive growth strategies and adding another access channel with a new level of convenience.”

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