XSP Emphasises Commitment to Asia Pacific Markets by Doubling its Presence at Sibos

PRLog (Press Release) - Sep 09, 2009 -
XSP, the leading global provider of Corporate Actions software, announced today that it will be exhibiting at the weeklong Sibos 2009 event, one of the world’s premier financial forums organised by SWIFT, at the Hong Kong Convention and Exhibition Centre in Wanchai, Hong Kong beginning next Monday, 14 September 2009. Delegates can visit XSP at Stand 3F17 for demonstrations of its flagship product, the XSP™ v5 platform, or to learn about the many exciting enhancements, news and major announcements regarding the industry’s most widely-implemented global Corporate Actions solution.

Brendan P. Farrell, Jr., Chief Executive Officer at XSP, said, “With more than ten percent of XSP’s 60 clients relying on us for automating their Corporate Actions processing in this region, we recognise that AsiaPac is a region full of exciting opportunities for XSP as interest in global Corporate Actions automation in this part of the world continues to grow significantly. In today’s fast-paced, challenging environment, our clients require solutions that are reliable, flexible and scalable with the capability of delivering high-speed performance. Through our continuous investments in cutting-edge technology and robust functionality coupled with our impressive global network of XSP partners, we are uniquely situated to offer our clients a flexible host of solution deployment options including multi-tenant, enterprise-wide implementations – either through local installs or via a Software-as-a-Service (SaaS)/Cloud Computing infrastructure option. XSP continues to demonstrate our commitment to SWIFT initiatives around global standardisation through our team member’s role as Co-Chair of the ISITC Corporate Actions Working Group; our continual investment in enhancing the XSP product to ensure our clients remain fully compliant with Securities Market Practice Group (SMPG) and SWIFT processes; and through our substantial investments in Sibos year over year.  We are extremely proud to present the SWIFT community with our new and exciting Sibos stand, a symbol of our total commitment to SWIFT and the AsiaPac region; and we look forward to what promises to be one of the most exciting and productive Sibos events to date.”

Neil Sheppard, Managing Director and Chief Operating Officer of EMEA at XSP, commented, “For the first time ever, at this year’s Sibos event, we have doubled the size of our stand and presence, reinforcing our commitment to the AsiaPac region and to SWIFT. During a time when companies are focussed on driving down costs and mitigating risks, automating an area as complex as Corporate Actions processing continues to take top priority. As a longstanding key partner of SWIFT, our continuous participation at Sibos reflects our ongoing support of their initiatives to deliver value-added solutions to our mutual clients in all regions of the world.”