11 December 2017
visit www.solutions.lexisnexis.com

Mondas adds Fidelity ActionsXchange corporate actions datafeed to Radica CAPS

01 November 2005  |  2324 views  |  0 Source: Mondas

As corporate actions automation becomes an increasingly significant priority for the financial services industry, Mondas PLC, the market-leading provider of Corporate Action software solutions, today announced a partnership with Fidelity ActionsXchange, a leading provider of corporate actions data processing services, that will facilitate the automation of Global Corporate Action data validation.

The new relationship will allow clients working with both companies to receive cleansed corporate actions data feeds from Fidelity ActionsXchange's ActionService product directly through Mondas' Radica CAPS. The interface will allow Mondas clients to automate the capture of Global Corporate Actions and process cleansed data through the Radica CAPS software platform.

Jarlath McGee, CEO, Mondas PLC, commented, "Mondas is delighted to further increase the capability of our Radica CAPS solution by supporting Fidelity ActionsXchange Validation service. This addition will give our customers further flexibility when implementing a fully automated Corporate Actions system. This new alliance between our two organisations will deliver further improvements in reducing operational risk, which still remains a key driver in this market."

David Birdsall, CEO Fidelity ActionsXchange commented, "By forming this alliance we believe Mondas customers will be able to implement the Radica CAPS solution, in shorter timeframes and with less business risk due to the industry proven quality of the ActionService corporate action information service. Our open architecture enabled the integration and mapping of our data to the Radica Caps product, and also supports other proprietary or industry standard data interchange architectures such as ISO or XML."

Fidelity ActionsXchange provides it's customers with the most accurate, timely and comprehensive corporate action information service in the marketplace ActionsXchange receives corporate actions data from multiple sources, using patented technology and experienced industry professionals to compare data, resolve conflicts and augment information.

Based on holdings information supplied by the client, ActionsXchange then provides the client company with a cleansed, consolidated intra-day feed of corporate actions data which can be fed into both front and back office operations including trading, portfolio management, and accounting.

This intra-day feed is supported by real-time Web access to the Fidelity ActionsXchange database, allowing clients to receive up-to-the-minute corporate actions data. The new adaptors in Radica CAPS load key Fidelity ActionsXchange decision-making details directly into the application. While Radica CAPS delivers the core mappings for the ActionsXchange feed "off-the-shelf", clients are also provided with codeless configuration tools to meet any specific needs they may have.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.aciworldwide.comvisit http://info.nice.com

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18448 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11346 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
7732 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6620 views comments | 8 tweets | 17 linkedin
Barclays, First Direct and Nationwide join FCA sandbox cohortBarclays, First Direct and Nationwide join...
6025 views comments | 5 tweets | 12 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job