Xcitek has launched its XSP application in Edinburgh, Scotland. With corporate actions data management components, web-based eTRAN and ISO messaging capabilities, XSP is designed to capture notifications and responses of elections processing and streamline client communications.
The application is also accredited with SWIFTReady Corporate Actions Label. XSP gathers information from multiple vendor sources and custodian data, and then automatically disperses it to designated parties to handle the required action.
“This launch of XSP in Scotland is an indication of our continuing success in securing new global opportunities,” says Neil Sheppard, COO of XSP Europe. “This once again demonstrates the functionally-rich and highly-scalable nature of XSP for maximum operational efficiency in Corporate Actions processing. We are excited about this new opportunity to grow our client base whilst continuing to provide world-class products and services.”
“At Xcitek, we strive to develop the most flexible and comprehensive functionality for our solutions to meet and exceed our clients’ evolving business needs,” adds Brendan P. Farrell Jr., CEO of XSP at Xcitek. “Implementation in Scotland further solidifies our position as market leader in Corporate Actions processing as we continue to expand in the European market.”