Corporate Actions
WATERS RANKINGS 2004
1st: DTCC (33.6%)
2nd: Financial Technologies Int. (26.3%)
3rd: ActionsXchange (11%)
Of all of the processes in the financial services industry, corporate action still remains the most manual process, with organizations fielding disparate phone calls and faxes over every corporate action. If the labor-intensive job of reconciling and confirming these is done incorrectly, it leaves the organization exposed to market risk, lost of interest and late payments. Who do the Waters readers think of to
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