XSP, the provider of Corporate Actions software, announced today that it has partnered with Decillion Group, a banking software solutions provider and SWIFTs official Business Partner for Australasia, to provide a service-based offering of the XSP v5 Corporate Actions platform to the Asian and Australian markets. Through this agreement, Decillion Group will market and support the XSP v5 software in a Software as a Service (SaaS) environment to help clients in the Asia-Pacific region achieve straight-through processing (STP) of Corporate Actions events.
The XSP v5 platform is XSPs state-of-the-art solution developed to automate each step in the processing of global Corporate Actions. A Microsoft Gold Certified Partner, XSP has re-engineered its platform using advanced Microsoft technologies. The XSP v5 platform is built around a service-oriented architecture (SOA), utilising Microsoft .NET components and Web Services for global enterprise-wide processing. Accredited with the SWIFTReady label, the XSP v5 platform is SWIFT 15022 compliant and combines cutting-edge technology with feature-rich functionality to mitigate operational risks and costs for end-to-end STP.
Decillion Group is also a Microsoft Gold Certified Partner and a SWIFT Service Partner in Asia Pacific. Decillion provides SWIFT business solutions, automation and integration services along with world-class banking solutions such as Trade Finance/Services, Mobile Banking, Wealth Management, Operational Systems, Anti-Money Laundering as well as Software as a Service (SaaS) platform for SWIFT connectivity and SWIFT related applications.
We are delighted to form this partnership with Decillion Group as they, like XSP, are a trusted SWIFT and Microsoft Business Partner, says Brendan P. Farrell, Jr., chief executive officer at XSP. This partnership with Decillion, headquartered in Singapore with their strong local presence in Australia, Malaysia, Thailand, Indonesia, China and Vietnam is a significant step towards achieving XSPs goal of providing our clients with local market support in the AsiaPac region. Through Decillions hosted Platform as a Service environment, our mutual AsiaPac clients will now have access to the sophisticated functionality and technology of the XSP v5 platform in the Cloud backed by the world-class services and local support of Decillion. This strategic partnership leverages the collaborative efforts of the SWIFT and Microsoft partner ecosystems allowing us to deliver industry value and cost-effective innovation in Corporate Actions to the global financial markets.
D.C.