Corporate actions processsing vendor XcitekSolutionsPlus and London-based reference and corporate actions data vendor Exchange Data International (EDI)have formed a partnership to offer EDI’s SWIFT ISO 15022 global corporate actions data via Xcitek’s application for automating corporate actions processing: XSP.
XSP is a SWIFT ISO 15022 compliant data scrubbing, workflow management, and messaging application for client notification and response capture, and entitlement processing. EDI is a participant in the SWIFT-sponsored Securities Market Practice Group that is looking to standardize corporate actions messaging.
“The combined strengths of EDI’s high-quality data and XcitekSolutionsPlus’ robust and feature-rich technology present compelling offerings for those organisations seeking solutions to automate their corporate actions processing,” says Brendan P. Farrell, Jr., Managing Partner at XcitekSolutionsPlus. “With the increasing adoption of SWIFT ISO 15022 by financial institutions, both XcitekSolutionsPlus and EDI recognise the need to offer clients with innovative solutions suited to their specific needs. We look forward to working with EDI in a successful alliance.”
Kevin Brady, Director at EDI says that partnering with Xcitek will give the firm’s clients access to data via XSP more quickly.