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13 May 2010, Tine Thoresen , Inside Reference Data
When you ask a software vendor who their main competitor is, the typical answer is: In-house builds. But in the corporate actions space, this is starting to change. Firms are operating with tighter resources, and the IT expertise needed to build a successful corporate actions platform is not necessarily readily available. Instead, vendors are now saying they are being asked to leverage the parts that have already been built and adopt a plug-and-play approach to finish off the project.
The continued focus on improving these platforms is largely driven by pressure to mitigate risk and increase automation. Corporate actions announcements are becoming more complex-even in comparison with a few years ago. The risk of making mistakes has increased, and at the same time the risk-tolerance level has dropped to zero. It perhaps does not come as a surprise that many consider this to be the right time to invest in improvements and get themselves organized.
In this Corporate Actions Special Report, which includes comments from industry experts and a news review, we hope to provide readers with an insight into the latest developments in the corporate actions space, providing more information on what projects to prioritize and which industry initiatives it is worth keeping a close eye on.
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