Already live with two pilot customers, the solution is designed not only to make corporate action processing cost effective for the smallest industry participants, but to bring scalable operations to the largest.

“Corporate actions continue to be an area of complexity, manual processing and high risk” according to the interim results of research into corporate action processing, conducted by the financial services consultancy, Compeer.

Dion’s Corporate Action solution is designed to address these challenges by providing a functionally rich solution with the following benefits:
• Reducing risk by ensuring no event is missed or acted upon erroneously
• Ensure compliance through ‘best practice’
• Manage more with less by significant increases in automation
• Provide a better, more efficient corporate actions service to clients and internal parties

Kean Williams, COO of Dion Global Solutions, said, “We are very excited to be in a position to solve the industry wide problem of corporate actions processing. We hope to assist all industry participants, regardless of size, geography or nature of business, to gain the benefits available through the application of modern systems. We have undertaken a lot of research in this area and believe we can deliver business benefits, with a total cost that is attractive to all”.

Dion’s Corporate Action Solution’s key functionalities include:
• Management of notifications from a single or multiple source
• Diarisation of events and their related tasks
• Digital dissemination of event information and tasks to clients and internal parties
• End to end management of elections and resultant instructions
• Optional entitlement processing and reconciliation
• MiFID II reporting of corporate action transactions