XcitekSolutionsPlus says that Branch Banking & Trust Co. (BB&T), a financial services organization headquartered in Winston-Salem, North Carolina, has licensed its XSP software for corporate actions processing. The agreement includes licensing Xcitek’s corporate actions and cost basis data.
“This agreement represents another significant win for us in the banking sector of the industry,” says Brendan P. Farrell, Jr., Managing Partner of XcitekSolutionsPlus. “BB&T is a SunGard AddVantage user and is now the third XSP client to interface to this accounting system. We have seen a high level of interest in all segments of the industry looking to automate corporate actions and move closer to straight-through processing (STP). The strengths within our organization – such as our dedicated staff, robust software product, extensive expertise and impressive client base – position us as the dominant player in the marketplace to give us the competitive edge in winning new clients.”