XSP has partnered with Decillion Group, a banking software solutions provider, to provide a service-based offering of the XSP v5 Corporate Actions platform to the Asian and Australian markets. Through this agreement, Decillion Group will market and support the XSP v5 software in a software as a service (SaaS) environment to help clients in the Asia Pacific region achieve straight through processing (STP) of corporate actions events.
The XSP v5 platform is built around a service oriented architecture (SOA), utilising Microsoft .NET components and web services for global enterprise-wide processing. Decillion provides Swft business solutions, automation and integration services along with banking solutions including a SaaS platform for Swift connectivity. Brendan Farrell, CEO at XSP, says: “This partnership with Decillion, headquartered in Singapore with their strong local presence in Australia, Malaysia, Thailand, Indonesia, China and Vietnam is a significant step towards achieving XSP’s goal of providing our clients with local market support in the Asia Pacific region. Through Decillion’s hosted Platform as a Service environment, our mutual Asia Pacific clients will now have access to the sophisticated functionality and technology of the XSP v5 platform ‘in the Cloud’ backed by the world class services and local support of Decillion. This strategic partnership leverages the collaborative efforts of the Swift and Microsoft partner ecosystems allowing us to deliver industry value and cost effective innovation in corporate actions to the global financial markets.” Thomas Lee, CEO of Decillion, says: “With XSP’s leadership position and proven track record in global corporate actions processing, we can enrich our clients’ experiences with the essential tools they need to automate this highly challenging and specialised area. As the key Swift partner for corporate actions, XSP has an impressive client base with a state of the art solution that is implemented at some of the largest financial institutions in the world. Having both our solutions developed on Microsoft .NET platforms makes them highly compatible for easier integration and flexibility. We look forward to working with XSP and the opportunities that this joint offering presents to both organisations.”