Corporate actions applications vendor Xcitek has completed testing of ISO 15022 messages submitted by its flagship software, XSP, to SWIFT’s Corporate Actions Test and Certification POC programme. The application is now SWIFT ISO 15022 message-compliant.
“This programme measures the quality of FIN messages and Xcitek’s participation clearly shows their commitment to data quality for corporate actions processing”, says Max L. Mansur, Product Manager for Custodian Services at SWIFT. “We are pleased with their results and appreciate their strong commitment and support of this programme to further mitigate the risks and processing costs associated with Corporate Actions.”
“Xcitek’s voluntary involvement in this programme demonstrates our continued leadership in the Corporate Actions space and provides XSP clients with the assurance that their chosen solution will always be tested for compliance with market and best practices,” adds Neil Sheppard, Chief Operating Officer Europe, XSP, at Xcitek. “We are committed to working with industry utilities such as SWIFT to advocate standards that promote STP.”
“We are happy to have successfully implemented all of the required Corporate Actions scenarios within SMPG guidelines”, says Jon Montgomery, Senior Vice President of Professional Services, XSP, at Xcitek. “Achieving this high standard is a direct result of our continued investments in enhancing XSP’s ISO process module over the years.”