SunGard has expanded its XSP business to build a presence in Singapore in response to customer demand for solutions to address increasing complexity and volumes of corporate actions in Asia-Pacific.
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In Asia, SunGard’s XSP platform and XSPrisa Software-as-a-Service (SaaS) solutions help broker-dealers, asset managers and financial services firms to eliminate traditional manual processing associated with corporate actions.
Harry Rana, director, business development, Asia-Pacific, SunGard’s XSP, said: "As volumes and complexity of corporate actions increase, growing operational risk is being managed via costly manual processes. This is especially true in Asia, where the tendency has historically been to manage risk by increasing headcount rather than automation.
"SunGard’s XSP delivers multiple advanced technology solutions to manage every critical step in the corporate actions lifecycle. Our solutions increase firms’ levels of straight-through processing by reducing the need for manual intervention, thus minimizing the possibility of human error."
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