Financial software provider T-Scape has officially launched its iActs web application for automation in front and back office processes.
iActs is a response to the market-wide demand for increased operational efficiency and reduced risk, achieved within the current corporate action technological environment.
It can be implemented to complement existing corporate actions applications with minimal effect of existing infrastructure, or can exist as a stand-alone solution.
As it is XML-based and independent of data format, it also negates the need for complex mapping and hard-coded APIs.
The initial release will focus on corporate actions and direct capture of election from decision-makers.
Paul FitzGerald, product director for T-Scape’s, said: “We designed iActs with an ‘anything in, anything out’ approach, based primarily on our extensive industry experience. Our people have a long, collective track record in successfully designing and delivering complex data transformation projects, including engagements with some of the world’s largest global financial institutions.”
He added: “Technology has evolved – and we have found the proper uses for applying it – to address the pain points in the life cycle.”
T-Scape managing director David Baxter said: “We are familiar with the varied track record for implementing large corporate actions systems and realise the industry has a limited appetite for yet another solution built upon the same ‘dated’ principles. That is why our approach is to focus on delivering tangible benefit by initially addressing gaps in incumbent processing systems without the client having to abandon or write off past investment.”
