Industry leading financial institutions are reaping operational benefits and avoiding significant unnecessary financial exposures by ensuring the quality and the timeliness of their corporate actions data. As well as minimising costs from operational disruption caused by incorrect or incomplete data, these firms are able to reduce the risk of litigation and compensation claims arising from corporate actions errors, allowing them to save on the capital they set aside to mitigate these risks and avoid reputational harm. In many cases, the amounts involved are measured in the millions, of pounds, euros or dollars.
Markit’s renewal and extension of its corporate actions processing platform deal with XSP will allow it to expand its operations to serve more customers and make more calculations while maintaining accuracy and timeliness. 
Information Mosaic has been gradually adding to its arsenal of post-trade automation solutions, the latest of which is its IMConnecting offering, which aims to provide users with a customisable client portal via which to view custody related, proxy voting and corporate actions data. Ken Hartlage, head of product management and marketing for the vendor, explains that although it continues to service the corporate actions processing space (for which it is best known), Information Mosaic is a “multi-product company” that is building up its range of modular solutions for the post-trade environment overall.
SmartStream has launched a new on demand version of its corporate actions processing solution, TLM Corporate Actions Event Management On Demand (see the release 
In addition to its recent trade repositories paper (see more on which 
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Asset Control has extended data provision for risk management with the integration of direct access to DTCC Solutions’ Global Corporate Actions Validation Service (GCA VS) in its AC Plus data management platform.
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