XcitekSolutionsPlus has announced that U.S. Bancorp, the Minneapolis-based financial services holding company with $189 billion in assets, has signed a multi-year agreement to license XSP for corporate actions processing, in addition to licensing eTRAN, the web-based module for automated notifications and the capture and tracking of all responses.
After reviewing several competitive alternatives, we selected XSP for its robust functionality and proven track record of successful implementations, commented Dale R. Smith, Executive Vice President at U.S. Bancorp. We believe that XSPs technology will enable us to enhance our service commitments, generate higher levels of organizational and operational efficiency, and continually improve our competitive position and performance. eTRANs web-based tracking tool undoubtedly reduces the manual efforts associated with the elections process and with such a valued partner as Xcitek providing high-quality data, we are confident with our decision to extend our relationship with Xcitek by licensing XSP.”
We are delighted to welcome yet another prominent financial leader, U.S. Bancorp, to the XSP family, commented Brendan P. Farrell, Jr., Managing Partner of XcitekSolutionsPlus. As the eighth largest financial services holding company in the U.S., we find it extremely rewarding that U.S. Bancorp selected XSP based on a thorough competitive analysis, our robust functionality, and our strength in the implementation process. U.S. Bancorps need for a fully functioning off-the-shelf solution, allowing for a quick implementation, was a critical factor in their selection process. We are thrilled with the broadening of our long standing relationship with U.S. Bancorp.