BB&T Deploys XSP to Cut Risk


Branch Banking & Trust Co. went live with Xcitek's XSP corporate actions processing system last month in an effort to cut costs and operational risk by automating its corporate actions processing.

BB&T's process for dealing with corporate actions notifications and responses was completely manual before the roll out, says Xcitek managing partner Brendan Farrell, but "the volume of corporate actions is rising, so their exposure is growing exponentially.

"Also, there is a huge risk associated with

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