Press Release Summary:
Enabling automation of notifications as well as election and instruction processing, eVent(TM) provides visibility and control across corporate actions lifecycle. Modular package offers ability to record elections through mechanisms to centralize processes, minimize paper chasing, and reduce risk in communication among decision makers, back-office operations, and custodians. Clients can customize notifications to include client branding business-specific formatting.
Original Press Release:
eVent(TM) from Fiserv Automates Highly Customizable Notifications
Enhanced modules improve the flexibility of election and instruction processing
through the delivery of corporate actions automation
Brookfield, Wis., September 16, 2009 - Sibos Booth #3C03 - Fiserv, Inc. (NASDAQ:
FISV), the leading global provider of financial services technology solutions, today
announced the latest version of eVent(TM), its corporate action processing solution.
Enabling the automation of highly customizable notifications as well as election and instruction processing, eVent from Fiserv provides greater visibility and control across the corporate actions lifecycle. Fiserv will be demonstrating eVent at Sibos in Hong Kong Sept. 14-18, 2009 in booth # 3C03.
Available as a modular package, eVent provides the ability to record elections through a number of mechanisms to centralize processes, decrease paper chasing and reduce the risk in the communication among decision makers, back-office operations, custodians and other parties. The flexible deployment of the solution also enables decision makers, working in local or regional offices, the ability to automate the election process. Additionally, eVent provides clients with greater flexibility to customize notifications to include client branding business-specific formatting and use of free format text fields to tailor messages during the notification process.
"The corporate action lifecycle continues to remain highly complex, particularly where
elections on offers and options need to be passed between internal departments and
external agents in a time critical process. This is often compounded by manual processing which can lead to potential misinterpretation and translation errors, and if not handled correctly, these errors can have a significant financial impact. By customizing and automating the corporate actions workflow in a highly flexible manner specified by the client, Fiserv customers have the freedom to tailor processes to their particular business needs," said Geoff Harries, vice president, Investment Services at Fiserv.
Additional Fiserv Contact:
+44 (0) 845 013 1240
Vice President Communications
Office +1 678-523-0316
Mobile +1 (404) 915-7465
eVent from Fiserv is an example of the company's core competency in processing services. Scalable and flexible notification support through the full corporate actions event lifecycle, coupled with the ability to deliver information through a variety of channels, is paramount in today's high volume and demanding business environment. As businesses grow and change, multiple file format functionality enables customers to send instructions and notifications to numerous internal and external counterparties using SWIFT, XBRL, faxes, emails and print. Greater control over this process reduces the likelihood of no instructions, late instructions or wrong instructions occurring.
Moving away from "out of the box" solutions, eVent from Fiserv allows users to customize the corporate actions workflow. By automating different actions at different times, users can improve the quality of decision-making through deadline monitoring, tracking and notification triggering.
Fiserv, Inc. (NASDAQ: FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry, Fiserv celebrates its 25th year in 2009. For more information, visit www.fiserv.com.