Information Mosaic has announced a partner agreement with DTCC on corporate actions processing which aims to remove financial risk and inefficiency associated with manual operations.
The Certified Software Partner Agreement will see Information Mosaic’s corporate actions automation solution, IMActions, certified by DTCC for integration with its Global Corporate Actions Validation Service (GCA VS Service).
Doug Jeffrey, president, Americas for Information Mosaic, said, “The focus for Information Mosaic has always been to automate post-trade processes, whether it’s trade capture, settlement, or, as in this case, corporate actions. DTCC Solutions has developed its services with the industry in mind, and the GCA VS Service is a good example. By providing a cleansed, global corporate actions feed, they are directly addressing the operational risk inherent with manual announcement handling. In addition, both firms are committed to using industry standards and the most current, open, and scalable technologies.”
The agreement is the latest milestone in the long standing relationship between Information Mosaic and DTCC. The two companies have cooperated and worked together on many projects in the past, including interfaces to DTCC’s proprietary formats as well as the recent ISO 20022 messaging standard.
Daniel Thieke, DTCC Solutions vice president, Asset Services, said, “DTCC Solutions is committed to working with trusted partners like Information Mosaic who combine business knowledge and modern architecture to develop advanced solutions for the financial services community. By integrating the GCA VS Service feed with IMActions, our joint clients will be able to process accurate and timely corporate actions information in the most efficient manner possible.”
