XSP Enhances Corporate Actions Platform
XSP has announced new benchmark performance figures for its version 5 corporate actions platform. The figures show gains as high as 8,500% in its data management and scrubbing module; over 2,500% in its notifications component; and a 3,200% increase in processing lottery events. The company says that these statistics further demonstrate the performance enhancements that the XSP software continues to achieve with Microsoft technologies. This data is based on an ongoing internal study conducted at several XSP global enterprise-wide clients, including some of the world’s largest custodian banks and asset management firms.
The XSP v5 platform has been developed to automate each step in the processing of global corporate actions. The platform has been re-engineered using Microsoft technologies. It is built around a multi-tenant, service-oriented architecture (SOA), using Microsoft .NET components and Web Services for global enterprise-wide processing. Accredited with the SWIFTReady label, the platform is ISO 15022 compliant and is designed to cut operational risks and costs for end-to-end straight-through processing (STP).