The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Broadridge Makes Major Strategy Shift with Transition to IBM Financial Services Cloud

Broadridge Financial Solutions has made a major move to accelerate its cloud strategy through an agreement with IBM Services. Broadridge will use what IBM calls the ‘first financial services-ready public cloud’ to create the The Broadridge Private Cloud powered by IBM and transition a large portion of its global infrastructure to the cloud provider. The company’s new cloud strategy, coupled to its philosophy of mutualisation, which builds solutions once to serve many customers, is expected to improve provision of SaaS solutions to financial institutions and increase speed to market, flexibility, and resiliency.

The IBM cloud for financial services was developed in conjunction with Bank of America and brought to market late last year. Broadridge’s multi-year agreement with IBM marks a major infrastructure move to a third-party vendor, with IBM helping modernise Broadridge’s infrastructure to provide automated private cloud services for its critical workloads. IBM will also provide new application development capabilities for Broadridge businesses, and as Broadridge continues to develop and deploy applications in the cloud, IBM will assist with design and migration services along with ongoing support.

Mark Schlesinger, chief information officer at Broadridge, says: “Accelerating our cloud strategy will allow Broadridge to accelerate its product roadmap, providing clients with faster access to new industry solutions incorporating the [Broadridge] ABCDs of Innovation – AI, Blockchain, Cloud and Digital.”

The IBM cloud includes the Red Hat OpenShift platform, a comprehensive Kubernetes platform, that will allow Broadridge to manage workloads across IBM’s overall hybrid cloud infrastructure. It has also been built with help from Promontory, an IBM business unit specialising in regulatory compliance consulting.

Commenting on the solution at its launch, Bridget van Kralingen, senior vice president, global industries, clients, platforms and blockchain at IBM, said: “The financial services-ready public cloud represents an ongoing focus from Bank of America, IBM and Promontory to help develop a technology ecosystem where regulations can be addressed. Together we plan to help our customers address their ongoing compliance requirements, coupled with highly scalable, standardised capabilities that will be built to help serve today’s modern financial services industry.”

Related content


Recorded Webinar: Unifying client data to accelerate insights and deliver better experiences

Data insight is critical to all aspects of the buy-side investment process from portfolio decisions that drive core revenue and incremental revenue opportunities, to delivering unique and timely investment research, and rapidly innovating and offering new products to clients. While this is a key goal for asset managers, built on the ability to understand and...


Sponsored Blog: The Complexities of Shareholding Disclosure

Complex shareholder disclosure regulations, especially where assets are held across jurisdictions, can quickly translate into a significant headache for asset managers and institutional investors alike. Secure access to the right data and analytics can mean the difference between compliance and a breach of regulations. About shareholding disclosure Shareholding disclosure regulations have been designed to protect...


ESG Data & Tech Summit 2022

This summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.


ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...