Accredited with the SWIFTReady Corporate Actions Label, XSP is ISO15022 compliant and features comprehensive data scrubbing tools, workflow management modules, web and ISO messaging for client notification and response capture, and complete entitlement processing. Utilising its rules-based, data-scrubbing engine with built-in exception handling capabilities, XSP captures and sanitises data from multiple vendor sources and custodian data. Through workflow tools, tasks are automatically routed to designated parties to handle the required action. XSP also offers the ability to track event notifications and elections via its web-based module, eTRANâ¢, by generating notifications to intermediaries for desired elections. Instructions are automatically updated to the back-end system for reconciliation and entitlement processing.
Jon Montgomery, Senior Vice President of Professional Services, XSP, at Xcitek, stated, âWe are delighted to have successfully delivered all changes pertaining to SWIFTâs Standards Release 2006 in advance of their schedule. We have worked closely with our clients to ensure that the ISO module conforms to the enhancements set by SWIFT. Xcitek provides technical support throughout the course of this initiative whilst facilitating a comprehensive UAT program and QA process.ââ
Neil Sheppard, Chief Operating Officer Europe, XSP, at Xcitek, said, ââAs a SWIFT Solutions Partner and a recipient of the SWIFTReady Corporate Actions Label, we are committed to servicing our clients at the highest standards. Xcitek fully embraces industry initiatives that will maximise operational efficiency and promote the greatest levels of straight-through processing in Corporate Actions for global financial institutions.â