SunGard has launched two new managed services offerings that help global financial institutions understand and control their risk exposure on corporate actions. As the volume and complexity of corporate actions events continue to grow, firms need to understand their risk in order to take action on events that require immediate attention,
To help firms address this, SunGard has developed XSPosure, a cloud-based risk dashboard which provides an intuitive, dynamic and visual representation of a firm’s corporate actions risk exposure. In addition, SunGard’s new XSP’s data utility, a system agnostic business process as a service (BPaaS) that offers firms a global, central repository of cleansed corporate actions data from multiple sources for use with applications, including SunGard’s XSP, and other downstream processes.
SunGard’s XSPosure presents users with a top-down view of corporate actions within a single application, eliminating the need to gather this information from multiple disparate systems, spreadsheets, reports and other static methods. By using the XSP corporate actions solution with the XSPosure dashboard, firms can automate the end-to-end life cycle while quickly identifying risk events to help prevent potentially damaging loss due to unrecognized corporate actions exposure. Supported by SunGard’s experienced corporate actions specialists, XSP’s data service collects, cleanses and standardizes data from multiple electronic and manual sources, giving firms the ability to quickly access the information they need to effectively serve their customers and support back-office operations.
“Firms continue to focus on long-term initiatives that will improve efficiency and control risk across the entire enterprise, and corporate actions are no exception. Many firms should consider corporate actions as part of a life cycle that relies on data centralization, risk analysis and automation to improve accuracy and efficiency, reduce risk exposure, and respond quickly to customer needs.” – Isabella Fonseca, research director, Celent
“There is a need for complete, accurate and timely corporate actions data to feed dynamic analysis tools and safeguard against unforeseen risk exposures. XSP’s data service helps firms alleviate staffing challenges, support entry into new markets with diverse requirements, and gain confidence in the quality and speed of its corporate actions data from a trusted source. The XSPosure dashboard simplifies the way of viewing risk by turning a very complicated problem into an easy-to-use visual solution. SunGard strives to deliver intuitive solutions and value-added services that help address the challenges for areas as complex as corporate actions.” – Brendan P. Farrell, Jr., executive vice president and general manager, XSP, SunGard’s capital markets business
In 2013, the concept of the corporate actions risk dashboard was initiated during SunGard’s first global codeathon.