The solution automates how corporate actions – such as takeover announcements – are identified, managed and notified to clients, a vital issue in a fast-moving marketplace where regulators have put operational risks under the spotlight, Dion said in a statement.

“Corporate actions can be highly complex to manage. As volumes continue to rise and regulatory pressures mount, manual processes represent an unnecessary headache for us and our clients. Recent high-profile M&A activity underlines the importance of reacting quickly and appropriately to corporate events,” Stuart Brookes, operations director at Hargreave Hale, said.

Kean Williams, head of UK operations at Dion added: “The current regulatory landscape means that firms cannot afford to take their eye off the ball when it comes to managing corporate actions. Mistakes can be costly and one small oversight can hit an organisation’s bottom line.”