XSP has signed on a leading global insurance company to implement its XSP v5 platform for automated global corporate actions processing.
This client, which was not named by XSP, has licensed the XSP Data Management & Scrubbing module; the Web-based eTRAN module for automated notifications, response capture and elections processing; and XSP ISO Messaging and XSP Entitlements to streamline its corporate actions operations.
The XSP v5 platform was developed to automate each step in the processing of global corporate actions. A Microsoft Gold Certified Partner, XSP has reengineered its platform using advanced Microsoft technologies. The XSP v5 platform is built around a service-oriented architecture (SOA), utilizing Microsoft .NET components and 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).
We welcome our newest client to experience XSPs robust platform as we continue to provide state-of-the-art Corporate Actions technology, says Brendan P. Farrell, Jr., CEO at XSP. The XSP v5 product will allow this client to control and streamline process flow resulting in significant risk reduction.
(CG)