GBST Introduces Lifecycle Management of Global Corporate Actions
GBST has launched Syn~CorporateActions, which is designed to improve the management of complex corporate actions throughout their lifecycles across multiple geographies and markets, and deliver the highest levels of straight-through exception processing (STEP). As well as versatility, the company says that the solution provides a user friendly environment for modelling all types of corporate actions in multiple markets – keeping asset servicing in step with dynamically changing business needs.
Developed on the Syn~ platform, the company claims that the solution is the first global rules and model-based solution currently available. Syn~CorporateActions is designed to automatically track increasingly complex multi-location owner positions instantly, simplify gathering of clean data and the thorough accumulation of coherent positions.
Built in conjunction with Atos Worldline, the exclusive reseller of Syn~ in France, Syn~CorporateActions has been uniquely adapted to many specific markets around the world, as well as providing a global hub for efficient asset servicing operations. A key advantage over existing products in the market is the ability to calculate entitlements from numerous back office applications and feed the entitlements back to the appropriate back office.