IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that its Information Mosaic business is launching a new corporate actions solution specifically designed to meet the needs of global investment banks. This innovative solution, IMActions for Investment Banking, manages the entire corporate actions lifecycle from announcement capture and validation to downstream processing.

“We’ve spent the past 24 months working with several of the world’s leading banks to develop this cutting-edge solution, which automates the complex problem of asset servicing in the trading environment,” said Paul Taylor, managing director of Information Mosaic for IHS Markit. “With existing clients integrating the solution into their investment banking technology ecosystems, our user community will enjoy all the mutualised cost benefits of a standardised solution, rather than individual institutions having to invest time and money in maintaining expensive legacy platforms.”

Traditionally, the investment banking industry has built its own solutions to address these complex asset servicing requirements. However, as a generation of these applications nears end-of-life, Information Mosaic has collaborated with its global user community to extend its established IMActions platform to service the specific needs of the investment banking market. 

“Historically, investment banks and broker dealers have found it challenging to systematically manage and automate the workflow between client and market-side positions due to the complexity of position keeping intrinsic to the products and services they offer,” Taylor said. “To address this challenge, IMActions for Investment Banking supports the real-time reconciliation of client and market-side positions associated with a corporate action event. This process enables the delivery of correct market-side instructions and the settlement of subsequent cash and stock transactions, removing many of the operational risks currently associated with asset servicing within the industry.”