Wilco International says UBS Warburg has signed an agreement to use Wilco’s platform for global corporate actions processing.
The agreement includes UBS Warburg’s usage of Wilco’s corporate actions processing engine across its international operations, supporting its three main processing hubs in Stamford (Connecticut), London and Singapore. The agreement also includes the development by Wilco of a new rules-based scrubbing engine for corporate actions data, and interfaces to external services and books and records systems.
The Wilco solution will replace various in-house developed systems, providing a standard Java-based IT platform with scalable high volume capabilities that can support UBS Warburg’s international growth forecasts.