Corporate actions data provider Exchange Data International (EDI) said Tuesday it has entered into a partnership agreement with Montreal-based Digital Finance.
The partnership is twofold:
Digital Finance will have access to EDI’s data to demonstrate to prospects and clients the capabilities of EMA, its corporate actions automation software.
In return, EDI will have access to Digital Finance software solution to be able to easily demonstrate the breadth and depth of its international corporate actions data offering to their prospects and clients within the Canadian marketplace.
In business since 2008, Digital Finance is focused on providing advanced and easy-to-use corporate actions software to the financial services industry. Its products are used to reduce the risks associated with the management of corporate actions and increase efficiencies while reducing costs in automating those processes.
“Teaming up with EDI will allow us to present in a real world environment the capabilities of our EMA software solution to automate the management of corporate actions globally” said Etienne Castonguay, president of Digital Finance, in a release.
“Digital Finance enables financial services organizations to easily and quickly extract more value from their corporate actions data when compared to the internal systems that such companies traditionally build themselves. With our solutions, our clients eliminate all the risks of managing corporate actions while reducing their costs.”
Founded in 1994 and based in London, England, EDI sources and supplies specialized financial information to the back and middle offices of banks, stockbrokers (broker/dealers) and other financial institutions globally.