Asset Control improves integration with Fidelity ActionsXchange

fibre_optic_cablesFidelity ActionsXchange, a provider of global corporate actions solutions and Asset Control, a data management provider, have improved integration between their services to provide clients with enhanced information.

The enhanced integration was carried out between ActionsXchange and the AC Plus data management platform. The additional corporate actions event information clients can now get from this development can be combined with other security and pricing data to enhance quality.

Improving data quality is crucial to mitigating risk associated with processing complex corporate actions, as well as supporting the implementation of intelligent investment strategies.

Phil Lynch, Asset Control’s president and chief executive officer, said, “We’re seeing increased focus on corporate actions data across departments at a variety of financial organisations, such as improving data quality before corporate actions processing takes place, or integrating issuer data, security master data or historical pricing data as a result of corporate actions. AC Plus’ data feed for ActionsXchange and capability for multi-sourcing will help firms improve quality, minimise information loss and time to market delays, and ensure business continuity.”

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