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XSP Earns 2012 SWIFTReady Corporate Actions Label for Eight Consecutive Years

XSP, the global leader in automated end-to-end Corporate Actions solutions, has successfully achieved the 2011 SWIFTReady Corporate Actions Label in conjunction with Microsoft BizTalk Accelerator for SWIFT, the 2011 SWIFTReady Financial Enterprise Application Integration (EAI) product. XSP gained accreditation for the eighth consecutive year following extensive functionality validation of its flagship solution, the XSP® v5 platform. The SWIFTReady Corporate Actions label is granted to business applications that adhere to a specific set of criteria linked to the support of SWIFT FIN messages, SWIFT connectivity and SWIFT functionality.

Daniel E. Retzer, Managing Director and Chief Technology Officer at XSP, stated, “As an active SWIFT Solutions Partner, we are able to provide our clients with solutions that are aligned with industry standards and trends. XSP Corporate Actions solutions actively support standards ensuring our clients are equipped for future standardization initiatives. We are very proud of this achievement and our growing relations with the SWIFT community.”

Filip Versluys, Head of Partner Marketing at SWIFT, said “The SWIFTReady Corporate Actions label represents products that meet the utmost levels of quality. XSP continues to demonstrate excellent adherence to the SWIFT Network Validation and EIG+ guidelines. In addition, XSP generated the Corporate Actions test messages and exchanged the test messages in the SWIFT network using Alliance Access 7.0 and AFT successfully. XSP can be proud to be placed among the industry leaders in service and product excellence through their attainment of the SWIFTReady Corporate Actions label.”

The XSP v5 platform is XSP’s 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, utilizing Microsoft .NET components and Web Services for global enterprise-wide processing. Accredited with the SWIFTReady label, the XSP v5 platform is ISO 15022 compliant and combines cutting-edge technology with feature-rich functionality to mitigate operational risks and costs for end-to-end straight-through processing.