SunGard has won A-Team’s Data Management Summit Award for Best Corporate Actions Processing Platform for its XSP solution. The A-Team Data Management Summit Awards recognizes outstanding products and services in data management and are voted on by senior managers from financial institutions and readers of A-team Group’s Reference Data Review.
SunGard’s XSP provides an end-to-end solution suite that automates the corporate actions process, from the cleansing and standardizing of data, entitlement management and downstream customer notifications, and automated response capture and processing.
This year SunGard launched two new corporate actions products to help financial institutions manage global event data and identify and control their risk exposure. XSPosure is a cloud-based risk dashboard that helps provide an intuitive, dynamic and visual representation of a firm’s corporate actions risk exposure. Corporate Actions BPaaS offers firms a global, central repository of cleansed corporate actions data for consumption within corporate actions processing applications, such as XSP. SunGard’s XSP also secured the SWIFT Certified Application Corporate Actions label for the tenth consecutive year, demonstrating that the product has successfully met well-defined requirements around SWIFT standards.
“We are pleased with the recognition SunGard continues to receive for its achievements in corporate actions processing. SunGard remains committed to delivering innovative solutions and value-added services that help firms adapt to and address the growing complexity and volume of corporate actions events. By developing solutions that help safeguard against unforeseen risk exposures and meet diverse market requirements, SunGard’s XSP is helping customers more effectively serve their clients and reduce operational overhead.” - Brendan P. Farrell, Jr., executive vice president and general manager, SunGard’s XSP
“The readers of Reference Data Review have spoken, and by choosing SunGard for the best corporate actions processing platform, they recognize its enduring contribution to helping firms control the risk and cost of managing corporate actions events in a dynamic industry. A-Team Group congratulates SunGard for this outstanding achievement.”- Andrew Delaney, President of A-Team Group and editor of Reference Data Review