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NEW YORK, N.Y. July 3, 2019 – Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500® Index, today announced that Holtzbrinck Publishing Group (Holtzbrinck) has selected Broadridge to standardize and streamline its financial communications with over 35 banks globally.
Broadridge will help Germany-headquartered Holtzbrinck increase efficiency and improve business control for its global corporate treasury operations. Holtzbrinck will leverage Broadridge’s international payments and integration solutions to create a single, integrated channel to manage communications across banks. FinMApp, Broadridge’s integrated platform for financial messaging and workflow management, will be used to deploy the Electronic Banking Internet Communication Standard (EBICS), a financial messaging channel used in a number of European markets to support secure communication between financial institutions and corporates.
“Having previously relied on a proprietary solution, Broadridge is the right partner for us. Going live with EBICS with the Broadridge FinMApp is the first step to concentrate and automate our global bank communication and gain complete transparency into our payment processes,” said Jürgen Schweizer, Head of Treasury at Holtzbrinck Publishing Group.
FinMApp is used extensively in banking and capital markets, asset management and corporate treasury operations, delivering advanced transaction monitoring, management, translation and reporting on international payments to a user base of over 100 multinational organizations. It delivers a unique, unified workstream and consolidated business view that enables corporate and financial institutions to track cross-border payments in real time and receive status updates and notifications regarding applicable costs and charges.
“We are pleased to support Holtzbrinck Publishing Group and provide them with a central process that will streamline its cash and liquidity management,” said Andreas Günther, Managing Director of Data Control Solutions for Broadridge in Germany. “We look forward to delivering the benefits of a unified service to help Holtzbrinck monitor transaction statuses in real time, manage confirmation and settlement cut-off times and reduce exposure to processing exceptions.”
In a second phase, Broadridge will extend its services to Holtzbrinck to deliver a single communication channel, via FinMApp, to route financial messages to the global banking network via both EBICS and SWIFT.
Broadridge collaborated with PPI AG (PPI), a Europe-wide payments consultancy and supplier, for the first phase. PPI is a leading advisor in EBICS and other payments-related technology solutions with offices in Hamburg, Zurich, Milan and other locations. “Our EBICS products are already in use at many European companies in the financial sector. With this cooperation, we are once again helping to deliver a comprehensive, end-to-end solution for the international payments market,” said Dr. Thorsten Völkel, a board member at PPI.
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.
About Holtzbrinck Publishing Group
Holtzbrinck Publishing Group is a family-owned German media and publishing group with broad interests in research publishing (Springer Nature), educational content (Macmillan Learning), consumer books (Macmillan Publishers) and technology business (Digital Science, HV Holtzbrinck Ventures). The group parents such companies as Die ZEIT, S. Fischer Verlage, Rowohlt Verlag, Scientific American, St. Martin’s Press, Farrar, Straus and Giroux and Henry Holt. It has ownership and stakes in over 50 Internet companies and funds around the world like Rethink Education, GSV Acceleration, Founders Factory, btov, Dimensions, Symplectic, ifi Claims, Peerwith, figshare, labguru, Altmetric, TetraScience, überResearch, gutefrage.de, NetDoktor, pflege.de, AMBOSS, et al. For more information about Holtzbrinck Publishing Group, please visit www.holtzbrinck.com.
PPI specializes in payments software and consulting and is the market leader for EBICS and FinTS solutions. PPI’s products cover the complete payments process chain for banks, from customer-to-bank communication through the core processing of payments up to the interbank communication – end-to-end from a single provider. The consulting portfolio includes banking-related strategic and business topics as well as payments-related IT consulting. PPI advises their customers on various fields such as regulation (e.g. PSD2), instant payments, individual and bulk payments, SEPA and card-based payments, and many more. As a stable, growing family business, PPI's more than 600 employees - more than 250 of them in the payments sector - focus entirely on the success of their customers. For more information about PPI, please visit www.ppi.de/en.
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