Broadridge Financial Solutions is gaining interest in a ‘designed by users for users’ solution that aims to address industry, business and operational challenges around global asset servicing. Developed with a global Tier 1 bank, and cloud and software-as-a-service (SaaS) enabled, the solution streamlines corporate actions, dividend and coupon processing across multiple asset classes, business lines and regions by automating the full asset servicing lifecycle.
The Broadridge global asset servicing solution is designed to help firms mitigate the drawbacks of inefficient process in asset servicing by standardising and automating processes for announcements, notifications, elections, accruals, entitlements, and settlements globally. It can 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.
Tom Carey, president of Broadridge global technology and operations, says: “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 architecture, streamlines operations and improves risk management. Our solution simplifies technology for capital markets clients and helps back-office functions drive business and operational value.”
The solution is being deployed by investment banking, wealth and asset management business lines that, with one centralised platform, can view, manage and report across portfolios, events and global trading models, bringing visibility and transparency to the asset servicing lifecycle.