B.I.S.S. Research announces 2006 Corporate Actions B.I.S.S. accreditations awarded

London, UK - 11 October 2006

B.I.S.S. Research, the exclusive research company offering a unique benchmarking of services and systems in the financial services sector, today announced at SIBOS, that CheckFree, Information Mosaic, SmartStream Technologies and Tata Consultancy Services have been awarded the 2006 B.I.S.S. ‘Corporate Actions’ Benchmark accreditation, all have achieved high scores in a very tough examination of their products functionality, which brings STP to the Corporate Actions department.

Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said “In the four years B.I.S.S. has been benchmarking Corporate Actions systems, these vendors have emerged as proven market leaders. Each has their own individual functionality appeal, to meet different customers, specific requirements and I recommend that perspective buyers read the B.I.S.S. Corporate Actions report, which will be available October 30th; to learn which system best suits their own particular business needs.

It was noted during the benchmarking process, that over the last four years all these systems have gained heavy investment and now stand together as the best corporate actions products in the market.

The individual scores of each vendors system has been the highest ever, in all categories of: Broker/Dealer, Asset Manager and Custodian. This demonstrates how well each vendor has understood the markets requirements as a whole and have enhanced their technology solutions accordingly.

The benchmarking process has also highlighted that Corporate Actions vendors are now building real risk management benefits into their products, which can only be good news for buyers. Additionally it has found that each vendor is beginning to break out of simply Corporate Actions processing into other related business areas that need technology support.

The design of the vendor’s technical architecture and their growing business awareness is bound to produce many exciting innovations, B.I.S.S. Research will be tracking these enhancements throughout future years benchmarking.

We recommend buyers look for the B.I.S.S. accreditation logo displayed by accredited vendors and urge the market to take advantage of the excellence of their technology.”

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