Fidelity Investments has added an automated, end-to-end, web-based validation and notification service to its corporate actions service, ActionsXchange.

The new service, ActioNResponse, is fully customizable and replaces what has traditionally been a manual and fragmented process. Designed for a wide array of financial services firms—including asset managers, broker-dealers, hedge funds and global custodians—ActioNResponse aims to reduce financial risk and costs by covering the full lifecycle of corporate actions news.

As a workflow platform, ActioNResponse creates a complete and continuous repository of notification and response information that enables portfolio managers and operations staff to gain complete transparency into the corporate actions process in real time—with configurable views and reporting, tailored to match the client’s preferences. ActioNResponse can support SWIFT, the industry standard for event data, as well as fax, e-mail and other client-specific data formats.

“The new notification and confirmation component—combined with our full spectrum of multi-sourced corporate actions announcement capture and validation offerings—represents an innovative, holistic corporate actions solution for the organizations we serve,” said Laura J. Pollard, executive vice president and head of Fidelity ActionsXchange.

“The automated confirmation and acknowledgement capability, in particular, effectively completes the entire corporate actions management process and will help the organizations we serve to mitigate risk, improve efficiencies and reduce costs,” Pollard added. “As the complexity of corporate action events continues to increase, the market is demanding a deeper level of coverage and support to manage the associated risks.”

ActioNResponse also offers:

  • A calendar of upcoming events
  • Mobile device access
  • Flexible integration with existing software
  • Personalized alerts
  • Audit features that support corporate governance and risk management

 Lee Barney writes for Money Management Executive.




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