SunGard XSP Launches Dashboard, BPaaS Services

SunGard's XSP corporate actions data unit is launching two new services, XSPosure, a cloud-based risk data dashboard developed during an internal SunGard coding competition, and a separate business process as a service (BPaaS) version of its data utility.

The XSPosure dashboard for use with XSP's corporate actions data allows automation of corporate actions lifecycle processes and identification of important risk events.

"We think there will be another advancement in the way our customers consume and manage information, especially when they're under so much pressure to do more, faster and with less resources," says Brendan Farrell, New York-based executive vice president and general manager of SunGard's XSP business. "Now we can allow them at a glance to see what the potential risk is and not have to go through tons of data to find out."

The XSPosure dashboard was the "next logical step" for building on the data captured by the company's XSPrisa managed services platform, according to Farrell. "This moves the information to a higher level in the organization so they can see it at a glance," he says. "This probably hadn't been tried before in corporate actions, because there were very limited tools to gather the data required to drive that."

SunGard XSP began developing XSPosure after the product won a SunGard-wide coding competition, working throughout this year to build the service for its launch. XSPosure gathers data points including deal size, potential exposure, deal timing and size of positions, all of which can be risk factors in a corporate action, according to Farrell.

In addition, the BPaaS version of XSP's data utility puts the company's own experts in front of the processes the company offers, Farrell explains. "This provides an end result of data you can then use to drop into applications like XSP's offerings or other offerings, and get a leg up in the food chain," he says. "Prior to this, our customers received information from market data providers and various sources in the industry about various events that may or may not impact their positions. Now, SunGard XSP will receive that data for them and provide them with the pertinent information for their positions, which can be fed into applications, and they can use for downstream workflow processing from there."