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BetaNXT Achieves Prestigious Recognition in Financial Technology

In an era where financial technology continuously evolves, BetaNXT has made a significant mark by winning the 2025 FTF News Technology Innovation Award as the Best Corporate Actions Service Provider. This accolade highlights their innovative solution, BetaNXT CastX, which was designed to simplify complex shareholder communications for financial advisors and their clients.

A Game-Changer in Wealth Management

BetaNXT’s CastX solution provides real-time capabilities that are crucial for enhancing the advisor experience, which ultimately benefits their clients. According to Chris Nobles, the Division Executive of Mediant (BetaNXT's investor communications division), the solution empowers financial advisors by delivering necessary information in a timely manner. This effort enables advisors to foster stronger relationships and deliver peace of mind in the intricate world of financial services.

The Award Presentation

The recognition will be formally celebrated at a gala on June 17, 2025, in The Venue on Music Row at the Hard Rock Hotel, New York City. This prestigious event, organized by the Financial Technologies Forum, gathers industry leaders who have excelled in post-trade processing operational excellence over the past year, reinforcing BetaNXT's commitment to innovation and service in the financial space.

The Need for Automation

Launched in March 2025, BetaNXT CastX was created after receiving extensive feedback from brokers and advisors, aiming to address the operational challenges faced in managing corporate actions. Financial institutions have traditionally relied on manual processes, increasing the risks of errors and delays. CastX aims to mitigate these issues through complete automation of the entire corporate actions lifecycle—from sourcing announcement data to tax reporting and submission to the DTCC (Depository Trust & Clearing Corporation).

Reducing Risks and Enhancing Transparency

The automation provided by BetaNXT CastX minimizes manual data input, complexities in communication, and delays in notifications, leading to improved operational efficiency. As described by Bob Santella, the CEO of BetaNXT, this advancement is a significant step towards the organization's mission of creating a frictionless financial services experience. The ability to streamline processes not only enhances operational transparency but also boosts productivity among advisors.

Powered by Advanced Data Management

BetaNXT CastX is built upon DataXChange, a proprietary, cloud-based, real-time data management platform. This platform consolidates internal and external data inputs into a coherent ecosystem, simplifying data exchange for wealth management firms and their affiliates. By leveraging such advanced technologies, BetaNXT seeks to optimize how data is utilized while reducing enterprise costs and streamlining operations.

Conclusion: A Vision for the Future

As the financial landscape continues to evolve, BetaNXT remains focused on driving innovation in wealth management. By investing in state-of-the-art platforms, products, and partnerships, the company is dedicated to empowering financial advisors with solutions that address their clients' ever-changing needs.

For further insight into their products and services, visit www.betanxt.com and discover how BetaNXT is reshaping the future of Connected Wealth using technology to foster growth in the financial sector.