LONDON, November 12 /PRNewswire/ -- B.I.S.S. Research, the exclusive research company offering a unique benchmarking of services and systems in the financial services sector, today announced that cama(TM) from Information Mosaic has achieved the B.I.S.S. 2009 Corporate Actions System Accreditation with record scores. The industry panel were fulsome in recognising the all round strength of cama(TM) to provide full corporate actions processing functionality.
Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said Each year as the benchmarking boundaries continue to be widened and become even more comprehensive, to be awarded with the accreditation is a real achievement by Information Mosaic and the continuous enhancement of the cama(TM) solution has been a vital component to Information Mosaic's success.
The task of gaining the accreditation was made tougher this year than previous years by introducing a number of new benchmarking tests covering regulatory, operational risk and client servicing, as well as processing requirements for many different types of corporate event. But cama(TM) has really come up trumps by attaining such a fantastic result and it is a real 'feather in the cap' for Information Mosaic.
The B.I.S.S. Research benchmarking report which includes the benchmark tests, the results and the analyst's view on Information Mosaic and cama(TM) is freely available to financial services firms upon request.
The benchmarking showed that cama(TM) can bring terrific operational efficiency, realistic risk reduction and improved compliance for client protection and is an outstanding corporate actions system.
But it should not be forgotten that the benchmarking also measures the vendor's knowledge and expertise in corporate actions and a very high performance indicator was accomplished by Information Mosaic's corporate actions team. We are delighted to see Information Mosaic once again setting the pace.
Information Mosaic CEO, John Byrne, said Information Mosaic is proud to be honoured with B.I.S.S. 2009 Corporate Actions System Accreditation. This demonstrates our continuing investment in our products and our full commitment to the Industry. Our asset servicing solution cama is the outcome of Information Mosaic's deepest business knowledge and expertise to successfully address the most pressing issues facing the securities industry. As the benchmarking has been extended over the years one key measurement is the focus on delivering value to clients and ability to get clients to production on time with a compelling, well tested solution. This can only be achieved through well-defined complimentary services of product consulting, training, testing and consistency of product roadmap. At Information Mosaic we have aligned all these processes to deliver a world class offering to our clients and are delighted to see these services reflected in the B.I.S.S. benchmarking.
About B.I.S.S. Research
B.I.S.S. Research is an independent research company providing training, advisory services, business benchmarking, Accreditation and analysis of technology and services of suppliers in the Global financial services industry. B.I.S.S. Research analysts are all from a business to IT background with a long track record of procurement in the financial services market place, which enables them to produce unique and valuable assessments of technology and services and their value to the supplier and the market place.
For more Information please visit: http://www.bissresearch.com
About Information Mosaic
Information Mosaic is the trusted global provider of advanced custody, asset and wealth management solutions to the investor services industry. Established in 1997, Information Mosaic has committed to a path of continuous development and investment to provide market-leading global corporate actions and custody processing solutions.
The company has a proven track record of helping its clients improve efficiency on a global scale, enter new markets, win new customers and reduce the risk and cost associated with processing large volumes. Its global, end-to-end, corporate actions solution, cama(TM) is the 2009 winner of Banking Technology Readers' Choice Award for Best Corporate Actions. Information Mosaic supports clients around the world from offices in Europe, North America and Asia-Pacific. Currently, six of the top ten global custodians deploy Information Mosaic solutions worldwide.
For more information about Information Mosaic please visit: http://www.informationmosaic.com
SOURCE: Information Mosaic