XSP, the provider of Corporate Actions software, announced today that it has been named Company to Watch in 2010 for Corporate Actions by Financial-i Magazine.
The Financial-i Leaders in Innovation and Company to Watch in 2010 award winners are chosen by an advisory panel comprised of analysts, consultants and market practitioners. The awards identify global transaction banks and financial hardware and software vendors that in the last 12 months have excelled, in terms of innovation in business solutions, across wholesale transaction banking encompassing Payments & FX, Securities Services, Data Management, Risk Management and Network Services.
“Through research conducted by the Editorial team at Financial-i and our panel of independent analysts, we selected XSP as the Company to Watch in 2010 for Corporate Actions, says Anita Hawser, Managing Editor of Financial-i. The area of Corporate Actions is a high-risk and high-cost operation within financial institutions globally and with the escalating volumes and complexities surrounding this space, innovation is key to helping the markets manage this growth and increase efficiencies. We recognise XSP for their continuous commitment to innovation and technological advancements of their flagship XSP v5 platform. In addition, another noteworthy development is their expanding reach into Australasia with a service-based offering through their partnership with the Decillion Group.
The XSP v5 platform is XSPs state-of-the-art solution developed to automate each step in the processing of global Corporate Actions. A Microsoft Gold Certified Partner, XSP has re-engineered its platform using advanced Microsoft technologies. 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).
D.C.