LONDON and NEW YORK, Sept. 24, 2019 /PRNewswire/ — Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500® Index, today announced that its Global Asset Servicing Solution is now available on Amazon Web Services, Inc. (AWS) and that a global tier-1 investment bank is in live operation with the solution and another global tier-1 bank is onboarding. Replacing multiple incumbent systems with a single solution can help these companies to achieve greater levels of efficiency through standardized processes and data globally, while reducing operational risks. They can also respond more effectively to regulatory reporting requirements and client service needs, by adding increased oversight and business control.
Broadridge’s full-end-to-end solution is designed to address key industry, business and operational challenges in global asset servicing, by streamlining corporate actions, dividend and coupon processing across multiple asset classes, business lines and regions. Operating the solution on AWS can add increased operational agility, improved and faster client onboarding, quicker deployments, and enhanced security, scale, and resiliency.
“Collaborating with AWS to leverage the latest in cloud technology will address the significant challenges of inefficient processes in asset servicing and reduced ability to control costs,” said Samir Pandiri, President of Broadridge International. “This is another example of delivering real business value through leading technology-driven solutions that set the standard for the financial services industry.”
“Asset Servicing is a vital component of the daily operations of banks and broker-dealers,” said Scott Mullins, Head of Worldwide Financial Services Business Development at Amazon Web Services, Inc. “By using AWS to power its industry-leading Global Asset Servicing Solution, Broadridge is providing its clients with increased operational effectiveness, resiliency and scalability, while providing the ability to effectively control costs.”
The Broadridge Global Asset Servicing Solution offers a unified global platform across geographies and business units. Users can view, manage and report across portfolios, events and global trading models, bringing increased visibility and transparency across the entire asset servicing lifecycle. The solution is designed to enhance front office activities by helping traders and portfolio managers mitigate risk of loss and pursue revenue generation, for example, through arbitrage opportunities.
Broadridge Financial Solutions, Inc. (NYSE: BR), a $4 billion global Fintech leader and a part of the S&P 500® Index, is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers. With over 50 years of experience, including more than 10 years as an independent public company, Broadridge provides an important infrastructure that powers the financial services industry. Broadridge’s infrastructure underpins proxy voting services for over 50 percent of public companies and mutual funds globally, and processes on average more than U.S. $7 trillion in fixed income and equity trades per day of securities. Broadridge employs over 11,000 full-time associates in 18 countries.
For more information about Broadridge, please visit www.broadridge.com
W. Edings Thibault
Head of Investor Relations
Broadridge Financial Solutions
+44 (0)20 7426 9428
Yuri van der Leest
SOURCE Broadridge Financial Solutions, Inc.