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NEW YORK, N.Y. – October 21, 2018 – Broadridge Financial Solutions, Inc. (NYSE:BR), an S&P 500 company and global Fintech leader, today announced a next-generation solution to address key industry, business and operational challenges with global asset servicing. Designed and developed with a global tier-one bank and now cloud and SaaS-enabled and selected by leading global banks, the full end-to-end solution streamlines corporate actions, dividend and coupon processing across multiple asset classes, business lines and regions by automating the full asset servicing lifecycle, bringing scale, speed, accuracy and efficiency to firms globally.
Inefficient processes in asset servicing currently present significant challenges, specifically an increase in operational risk and a reduced ability to control costs. The Broadridge global asset servicing solution helps firms mitigate these drawbacks by standardizing and automating processes for announcements, notifications, elections, accruals, entitlements, and settlements globally. Broadridge’s global asset servicing solution has the ability to support and enhance front office activities through comprehensive data management and analytics, helping traders and portfolio managers mitigate against losses and pursue revenue generation, for example through arbitrage opportunities.
This solution is currently being deployed by leading global firms, including as a unified global platform replacing multiple silo systems across geographies and business units, spanning the Investment Bank, Wealth and Asset Management business lines. With one centralized platform, clients can view, manage and report across portfolios, events and global trading models, bringing visibility and transparency across the entire asset servicing lifecycle.
“The number of corporate actions is increasing across global markets – each one navigating a complex network of intermediaries and custodians. With fragmented systems and regulatory pressures increasing processing challenges, financial institutions need a modern solution that simplifies their architecture, streamlines the operations and improves risk management,” said Tom Carey, President of Broadridge Global Technology and Operations. “Our industry-leading solution – designed by users for users – simplifies the technology of our capital markets clients and helps their back-office functions drive real business and operational value.”
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $4.5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions to banks, broker-dealers, asset and wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. In addition, Broadridge’s technology and operations platforms underpin the daily trading of on average more than U.S. $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is a part of the S&P 500® Index, employing over 12,000 associates in 17 countries. For more information about us and what we can do for you, please visit www.broadridge.com.
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