The Swift Certified Application - Corporate Actions designation has been awarded to IMActions for the ninth consecutive year for its unrivalled work automating the complete corporate actions cycle, from announcement capture and cleansing, to notifications, entitlements, elections, and allocations.
Also awarded is Information Mosaic's post trade operations platform, IMSecurities™, the leading post-trade automation platform for asset servicing, securities settlement, trade and cash management which has received the certification for Securities Settlement for the fifth year in a row.
Under the SWIFT Certified Application program for 2013, Information Mosaic has demonstrated its ability to process the full set of corporate action and securities settlement messages, and has proven its understanding of the critical infrastructure that supports the millions of transactions related to the movements of funds and stock throughout the financial system daily.
"Information Mosaic has shown their continued commitment to certify its solutions and benefit its customers through the SWIFT Certified Application program. Its proven dedication to support customers in responding to the demands of the global economy, create relevant offerings in new and existing areas, and reduce cost, complexity and risk for the industry. Every year achieving the SWIFT Certified Application label becomes more demanding as the industry strengthens markets practices and increases standardisation," stated Filip Versluys, Head of Partner Marketing for SWIFT.
Philip Hogan, Information Mosaic's Chief Revenue Officer commented, "We are very pleased to once again receive SWIFT certification for our complete post-trade solutions, IMSecurities™ and IMActions™. The certifications reflect Information Mosaic's ongoing commitment to provide the the financial services industry with the most advanced post-trade automation solutions. Meeting the SWIFT standards gives our clients the confidence and certainty that they are conducting their business in direct adherence with the global industry benchmark and best market practice standards".
Vikas Sahni, Product Manager, added, "Our clients around the world are safe in the knowledge that Information Mosaic's industry leading products fully complies with the changes recommended from various industry groups for the year of certification. Changes recommended in the certification process focus on the key processing challenges facing the industry delivering immediate value to the clients that are using Information Mosaic products. Our SWIFT certified mission critical applications enable our clients to achieve measurable improvements in client servicing, cost efficiency and operational risk mitigation."