SunGard has launched two new managed services offerings to help global financial institutions understand and control risk exposure on corporate actions.
Volume and complexity in corporate actions continues to be a problem for institutions and risk needs to be understood in order for action to be taken on events that require immediate attention.
SunGard’s XSPosure is a cloud-based risk dashboard that provides a visual representation of a firm’s corporate actions risk exposure.
The firm’s new XSP data utility, a system-agnostic business process as a service (BPaaS), 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.
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.
Isabella Fonseca, research director at Celent, commented: “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 centralisation, risk analysis and automation to improve accuracy and efficiency, reduce risk exposure, and respond quickly to customer needs.”
Brendan Farrell, executive vice president and general manager of XSP at SunGard, said: “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.”
