Source: Information Mosaic
Information Mosaic, the global leader in providing advanced post-trade automations solutions, has been awarded SWIFTReady 2011 Certification for Securities Settlement and Corporate Actions. Information Mosaic has been awarded the label for Corporate Actions for the seventh year in a row.
The SWIFTReady for Securities Settlement label has been awarded to Information Mosaic's post-trade operations platform, IMSecurities™, which is a scalable, multi-entity and multi-currency solution that reduces risk and cost for all core post-trade services including asset servicing, securities settlement, trade, portfolio and cash management. Information Mosaic's corporate actions solution, IMActions™, automates the complete corporate actions life cycle, from announcement capture and cleansing, to entitlements, notifications, elections, and allocations. Under the SWIFTReady 2011 certification, Information Mosaic has demonstrated its ability to process the full set of corporate action messages, and has proven its understanding and technical mapping of these messages and the nuances associated with varied national market practice, to the SWIFT team.
"Information Mosaic's commitment to participate in the SWIFTReady program and its dedication to support the most current industry standards are evidenced by achieving SWIFTReady 2011 certification in the required timeframe," Filip Versluys, Head of Partner Management for SWIFT stated. "The requirements for achieving the certifications are becoming more demanding each year as SWIFT prepares for coexistence of both the ISO 15022 and 20022 standards. Information Mosaic clients will be able to benefit quickly from Information Mosaic's expertise as well as from SWIFT's services."
"We are very pleased to once again receive SWIFT certification for our total custody solution, IMSecurities™ and our corporate actions solution, IMActions™. The certifications reflect the firm's ongoing commitment to providing the industry's leading post trade automation solutions" said Ken Hartlage, Head of Product Management at Information Mosaic. "Meeting the SWIFT messaging standard, as well as the SMPG guidelines, gives our clients the confidence and certainty that they are conducting their business in accordance with the industry benchmarkhmark and local market practice, as well as allowing them to take advantage of these changes to launch innovative new services for their own customers."