Broadridge links with XSP
Financial services automated solutions specialist company XSP has entered into a strategic relationship with Broadridge Financial Solutions to offer the XSP v5 Corporate Actions Automation software as both a fully integrated service on the Broadridge ASP (application service provider) platform as well as a stand-alone solution.
According to the two companies, the new offering will enable clients to maximise operational efficiencies and facilitate very high levels of straight-through processing (STP) for corporate actions.
The announcement said clients on the new service would benefit from the combined strength of the XSP v5 platform running as a service within Broadridge’s Tier IV data centres, and managed by Broadridge’s Operational Centres of Excellence.
It said that, additionally, existing Broadridge clients would have the option of seamlessly interfacing the XSP v5 platform with Broadridge’s Brokerage Processing Services (BPS), Impact and Gloss back-office applications.
Commenting on the arrangement, XSP chief executive, Brendan Farrell said the relationship was a direct response to joint client demand.
He said global financial services firms would be able to benefit from the combined strengths of Broadridge’s leading Brokerage Processing Services and XSP’s state-of-the-art Corporate Actions automation solution.
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