Loomis Sayles Automates Corporate Actions Processing with CheckFree
BOSTON-Investment management firm Loomis, Sayles & Company is testing a corporate actions solution by CheckFree, having purchased the system to automate event processing and reduce risk.
CheckFree started talking to Boston-based Loomis Sayles in October last year and the deal, including CheckFree eVent, was signed in May. The investment firm started testing with notifications from custodians a month later, according to Steve Chittenden, vice-president and director of investment operations at
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