NEW YORK, April 27, 2010 /PRNewswire/ -- Information Mosaic, the global provider of post-trade automation solutions, will be sponsoring SIFMA Operations 2010 on the 4th - 7th May in Palm Desert, California. Key industry players will gather to discuss critical operational challenges such as regulation and compliance, managing risk, reducing costs, improving customer service and providing a platform for business growth and scale.
Research firms have estimated that 12% to 15% of operating income is at risk due to inefficient corporate actions processing, says Gerard Bermingham, Vice President of Business Strategy for the Americas. Add to this a pressing need to reduce operational risk by cutting out the need for manual interventions, plus due diligence requirements to improve transparency and reporting to both regulators and customers and you have a pretty compelling case for automating corporate actions processing. We look forward to talking to the delegates at SIFMA Operations this year about the best practice approaches to this challenge.
As one of the only vendors involved in the development of the new SWIFT ISO 20022 standard, Information Mosaic has long seen the value of standards such as XBRL and ISO 20022 for facilitating the automation of corporate actions communications, improving quality, accuracy and timeliness of data, and mitigating risk. With an expected cross-over period of support for ISO 15002 and ISO 20022, Information Mosaic is committed to providing clients with the flexibility to maintain multiple standards as necessary.
Information Mosaic will be sponsoring the Exhibit Hall Reception at SIFMA Operations 2010 on Wednesday May 5 from 4 - 6.30pm, and will showcase its award-winning corporate actions automation solution and distribute its latest white papers Issues in Corporate Actions Administration: Supporting the Growth in Securities Lending and Proxy Voting: Ensuring Complete Transparency through Automated Communication and E-Voting.
Gerard Bermingham, Vice President of Business Strategy for the Americas, and Ivar Eilertsen, Director of Americas, will be available for interviews on-site at SIFMA Operations 2010. For further details or to schedule an interview please contact Nicola Garvin on the details below.
About Information Mosaic
Information Mosaic is a trusted global provider of advanced post-trade automation solutions to the securities industry, to include custody, asset servicing, private wealth, asset management and investment banking. The company is a recognized market leader for corporate actions automation, winning the 2009 European Banking Technology Readers' Choice Award for best corporate actions solution and achieving record scores in B.I.S.S. 2009 corporate actions benchmark tests.
Founded in 1997, Information Mosaic currently supports the post-trade operations of over 60 financial institutions worldwide. The company has a proven track record of helping financial institutions transform post-trade operations, enabling them to enter new markets, improve customer service and reduce the risk and cost associated with volume and complex processing. Information Mosaic's breakless post-trade automation platform removes reconciliation points and therefore reduces risk and cost for all core post-trade services including corporate actions, securities settlement, trade, portfolio and cash management.
The company supports its global customer base from offices in Dublin, London, Luxembourg, New Delhi, Singapore, Melbourne and New York.
For more information visit: http://www.informationmosiac.com
For further information: Nicola Garvin +44(0)20-3100-3586 Nicola.Garvin@metia.com
SOURCE: Information Mosaic
CONTACT: For further information: Nicola Garvin, +44(0)20-3100-3586,Nicola.Garvin@metia.com
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