SunGard has launched two corporate actions products, XSPosure and Corporate Actions BPaaS (business process as a service), which aim to help global financial institutions manage event data so that they can better identify and control their risk exposure.

As the volume and complexity of corporate actions events continue to grow, Sungard says that firms are struggling to manage the onslaught of data.

“There is a need for complete, accurate and timely corporate actions data to feed dynamic analysis tools and safeguard against unforeseen risk exposures,” said Brendan P Farrell, Jr, executive vice president and general manager of XSP at SunGard.

“XSP’s service helps firms alleviate staffing challenges, support entry into new markets with diverse requirements, and gain confidence in the quality and speed of its corporate actions data.”

XSPosure is a cloud-based risk dashboard which provides visual representation of a firm’s corporate actions risk exposure. In conjunction with the XSP corporate actions solution, firms can identify risky events.

Corporate Actions BPaaS offers firms a central repository of corporate actions data. The offering collects, cleanses and standardises data from multiple sources.

“Firms continue to focus on long-term initiatives that will improve efficiency and control risk across the entire enterprise, and corporate actions are no exception,” said Isabella Fonseca, research director at Celent.