Risk Assessment and STP a top priority in Corporate Actions Benchmarking

15 January 2009

B.I.S.S. Research, the exclusive research company offering a unique benchmarking of services and systems in the financial services sector, today announced that the 2009 Corporate Actions Benchmarking has been upgraded. New additions include a focus on STP processing in the corporate actions department and also an innovative assessment of corporate actions risk and how systems can reduce this.

Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said “We believe we are the only truly independent Research Company to focus on raising the standards in worldwide corporate actions.

We are always looking for feedback on what improvements we can make in our benchmarking and what is important to the market thus following the distribution to an extensive variety of financial services firms in every major financial market in the world of the 2008 corporate actions benchmarking report. We noted that there was an overwhelming demand for a greater concentration on core processes to achieve STP. As a result we have spent some considerable time revamping the questionnaire with our benchmarking panel.

A secondary request was to try and measure the Risks within the corporate actions processes and quantify the benefits of systems in reducing them.

We have been continually told by the market that the B.I.S.S. benchmarking has raised the standards of systems and their ability to meet the increasing demands of the Industry and this new questionnaire will set the bar even higher for software vendors.

We are therefore delighted to announce that the 2009 corporate actions benchmarking will be the most comprehensive yet and that the resulting report will be published in October, however, previews will be available direct from the participating vendors at SIBOS.

We will shortly announce the first vendors who have already committed to participate in this years corporate actions benchmarking.”

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