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Information Mosaic First to Achieve SWIFTReady 2010 Certification for Corporate Actions and Securities Settlement
LONDON and NEW YORK, May 24, 2010-- Information Mosaic, the global provider of post-trade automation
solutions, is the first organisation to be awarded SWIFTReady 2010
Certification for corporate actions and securities settlement. With the
industry fast-moving towards ISO 20022 standards, Information Mosaic has
already met the requirements of this year's SWIFTReady certification
programme well ahead of the November 2010 deadline.
"Information Mosaic's drive and commitment to support standards and the
SWIFTReady programme is demonstrated by achieving SWIFTReady 2010
certification in record time. The work Information Mosaic has done to prepare
for the arrival of ISO 20022 means that its clients will be able to benefit
quickly from Information Mosaic's expertise and SWIFT's services," says
Anthony Lavore, Senior Business Development Manager at SWIFT.
"We're pleased that SWIFT has again awarded us SWIFTReady status for
corporate actions and securities settlement. It reinforces our commitment to
continuous development and the work we are doing with clients to ensure they
are best prepared to handle increased volumes of notifications, the need for
greater transparency and the need to support customer demands," says Manmohan
Singh, Head of Product Leadership, Information Mosaic. "We have a strong
strategy for helping our clients take advantage of changes in standards and
launching innovative new services. As one of the only vendors working with
SWIFT to define the ISO 20022 messages, we are now in a prime position to
ensure an easy transition from ISO 15022 to ISO 20022 messages for our
clients - a move which will deliver great benefits to the industry by
allowing for less 'interpretation' of notifications, leading to reduced
errors and risk."
This is the sixth year that Information Mosaic has achieved SWIFTReady
certification for corporate actions and the second year for securities
settlement. Information Mosaic's corporate actions solution automates the
complete corporate actions life cycle, from announcement management and
cleansing, to entitlements, notifications, elections and allocations. Under
the SWIFTReady 2010 certification, Information Mosaic has demonstrated its
ability to process the full set of corporate action type notifications, and
has proven its understanding and technical mapping of notifications to the
SWIFT team.
The SWIFTReady securities settlement label has been awarded to
Information Mosaic's post-trade operations platform which is a scalable,
multi-entity and multi-currency solution that reduces risk and cost for all
core post-trade services including asset servicing, securities settlement,
trade, portfolio and cash management. This label reinforces Information
Mosaic's capability of supporting SWIFTReady 2010 while providing the highest
levels of straight through processing under market practice guidelines.
About Information Mosaic
Information Mosaic is a trusted global provider of advanced post-trade
automation solutions to the securities and investment services industry,
including custody, asset servicing, private wealth management, asset
management and investment banking. The company is a recognized market leader
for corporate actions automation, winning the 2009 European Banking
Technology Readers' Choice Award for best corporate actions solution and
achieving record scores in B.I.S.S. 2009 corporate actions benchmark tests.
Founded in 1997, Information Mosaic currently supports the post-trade
operations of over 60 financial institutions worldwide. The company has a
proven track record of helping financial institutions transform post-trade
operations, enabling them to enter new markets, improve customer service and
reduce the risk and cost associated with volume and complex processing.
Information Mosaic's breakless post-trade automation platform removes
reconciliation points and therefore reduces risk and cost for all core
post-trade services including corporate actions, securities settlement,
trade, portfolio and cash management.
The company supports its global customer base from offices in Dublin,
London, Luxembourg, New Delhi, Singapore, Melbourne and New York.
For more information visit: http://www.informationmosiac.com or follow us
on Twitter at http://www.twitter.com/infomosaic
Source: Information Mosaic
For further information contact: Andy Martinus, Metia Ltd, +44-203-100-3585, andy.martinus@metia.com
Information Mosaic First to Achieve SWIFTReady 2010 Certification for Corporate Actions and Securities Settlement
LONDON and NEW YORK, May 24, 2010-- Information Mosaic, the global provider of post-trade automation
solutions, is the first organisation to be awarded SWIFTReady 2010
Certification for corporate actions and securities settlement. With the
industry fast-moving towards ISO 20022 standards, Information Mosaic has
already met the requirements of this year's SWIFTReady certification
programme well ahead of the November 2010 deadline.
"Information Mosaic's drive and commitment to support standards and the
SWIFTReady programme is demonstrated by achieving SWIFTReady 2010
certification in record time. The work Information Mosaic has done to prepare
for the arrival of ISO 20022 means that its clients will be able to benefit
quickly from Information Mosaic's expertise and SWIFT's services," says
Anthony Lavore, Senior Business Development Manager at SWIFT.
"We're pleased that SWIFT has again awarded us SWIFTReady status for
corporate actions and securities settlement. It reinforces our commitment to
continuous development and the work we are doing with clients to ensure they
are best prepared to handle increased volumes of notifications, the need for
greater transparency and the need to support customer demands," says Manmohan
Singh, Head of Product Leadership, Information Mosaic. "We have a strong
strategy for helping our clients take advantage of changes in standards and
launching innovative new services. As one of the only vendors working with
SWIFT to define the ISO 20022 messages, we are now in a prime position to
ensure an easy transition from ISO 15022 to ISO 20022 messages for our
clients - a move which will deliver great benefits to the industry by
allowing for less 'interpretation' of notifications, leading to reduced
errors and risk."
This is the sixth year that Information Mosaic has achieved SWIFTReady
certification for corporate actions and the second year for securities
settlement. Information Mosaic's corporate actions solution automates the
complete corporate actions life cycle, from announcement management and
cleansing, to entitlements, notifications, elections and allocations. Under
the SWIFTReady 2010 certification, Information Mosaic has demonstrated its
ability to process the full set of corporate action type notifications, and
has proven its understanding and technical mapping of notifications to the
SWIFT team.
The SWIFTReady securities settlement label has been awarded to
Information Mosaic's post-trade operations platform which is a scalable,
multi-entity and multi-currency solution that reduces risk and cost for all
core post-trade services including asset servicing, securities settlement,
trade, portfolio and cash management. This label reinforces Information
Mosaic's capability of supporting SWIFTReady 2010 while providing the highest
levels of straight through processing under market practice guidelines.
About Information Mosaic
Information Mosaic is a trusted global provider of advanced post-trade
automation solutions to the securities and investment services industry,
including custody, asset servicing, private wealth management, asset
management and investment banking. The company is a recognized market leader
for corporate actions automation, winning the 2009 European Banking
Technology Readers' Choice Award for best corporate actions solution and
achieving record scores in B.I.S.S. 2009 corporate actions benchmark tests.
Founded in 1997, Information Mosaic currently supports the post-trade
operations of over 60 financial institutions worldwide. The company has a
proven track record of helping financial institutions transform post-trade
operations, enabling them to enter new markets, improve customer service and
reduce the risk and cost associated with volume and complex processing.
Information Mosaic's breakless post-trade automation platform removes
reconciliation points and therefore reduces risk and cost for all core
post-trade services including corporate actions, securities settlement,
trade, portfolio and cash management.
The company supports its global customer base from offices in Dublin,
London, Luxembourg, New Delhi, Singapore, Melbourne and New York.
For more information visit: http://www.informationmosiac.com or follow us
on Twitter at http://www.twitter.com/infomosaic
Source: Information Mosaic
For further information contact: Andy Martinus, Metia Ltd, +44-203-100-3585, andy.martinus@metia.com