XSP, the automated end-to-end Corporate Actions software, announced that the Companys flagship product, the XSP v5 platform, has achieved the SWIFTReady Corporate Actions Label accreditation for 2010 in conjunction with Microsoft BizTalk Accelerator for SWIFT, the SWIFTReady Financial Enterprise Application Integration (EAI) product.
For the sixth consecutive year, XSP has been awarded this prestigious honour, receiving outstanding recognition/marks for the quality of the application. The SWIFTReady programme grants label accreditation to business applications that adhere to a specific set of criteria linked to the support of SWIFT FIN messages, connectivity and functionality. The criteria are reviewed annually to ensure that the accredited application is in line with SWIFTs evolution and client requirements.
The XSP v5 platform is the state-of-the-art solution developed to automate each step in the processing of global Corporate Actions. A Microsoft Gold Certified Partner, XSP has engineered its platform using advanced Microsoft technologies. Deployed locally or In the Cloud, the XSP v5 platform is built around a service-oriented architecture (SOA), utilising Microsoft .NET components and Web Services for global enterprise-wide processing. Accredited with the SWIFTReady label, the XSP v5 platform is SWIFT 15022 compliant and combines cutting-edge technology with feature-rich functionality to mitigate operational risks and costs for end-to-end straight-through processing (STP).
Herv Valentin, Senior Business Development Manager, SWIFT, said, We are delighted to award XSP with the SWIFTReady Corporate Actions Label for the sixth consecutive year. Each year, the criteria mandated by SWIFT to achieve accreditation in this programme becomes more and more stringent as the complexity of Corporate Action events continues to rise. Having scored exceptional marks for compliance to Market Practices, XSPs outstanding performance in this rigorous validation process demonstrates their ongoing commitment to meet the ever-changing requirements of their global clients and the advancements in industry standards, including the plans for ISO 20022 adoption. As SWIFTs Corporate Actions partner with more than 30 clients on the SWIFT network, we continue to work closely with XSP to bring automation and innovation to the global financial community with the objective of promoting greater STP and streamlining operations.
D.C.