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

A-Team Insight Blogs

Broadridge to Expand its Business Process Outsourcing Services

Broadridge Financial Solutions, a technology services and outsourcing company to the global financial services industry, today announced a major expansion of its outsourcing solutions offering.

In response to market demand, Broadridge has extended its business process outsourcing (BPO) services beyond securities processing functions and, in order to offer greater flexibility to global financial institutions, now enables firms to use their technology of choice while taking advantage of Broadridge’s BPO solutions. Broadridge’s expanded BPO services now include the performance of the back-office, middle office, corporate and finance functions of global financial services firms. These solutions are differentiated by Broadridge’s global subject matter expertise and financial services industry experience. Broadridge also continues to provide BPO solutions to its clients in connection with its own proprietary securities processing platform.

“Broadridge’s BPO solutions are flexible and completely customisable for our clients’ needs. Any financial services firm can now benefit from Broadridge’s significant subject matter expertise and proven track record in the financial services industry,” explained Joseph Barra, president, SPS International and Global Outsourcing Solutions, Broadridge.

The back office functions supported by Broadridge include securities clearance and settlement, corporate actions, tax reporting, mutual funds, and other books and records processing. The middle office functions supported by Broadridge include account opening and maintenance, and account and asset transfers. Corporate and finance functions supported by Broadridge include traditional accounting processes such as accounts payable and management reporting and also treasury, risk, compliance and regulatory reporting.

“Broadridge’s BPO solutions allow financial services firms to leverage Broadridge’s economies of scale and its on- and off-shore processing resources, regardless of the technology platform a firm prefers,” Barra added. “Our metric-driven, scalable BPO solutions offer continuous process improvement and security, enabling clients to reduce fixed costs and infrastructure risk. Clients will also be able to focus more on accelerating growth in their existing businesses and entering new markets, asset classes, lines of business and geographies,” he concluded.

Related content

WEBINAR

Recorded Webinar: Managing culture and conduct: Is your organisation compliant with the Senior Managers and Certification Regime (SMCR)?

The FCA’s Senior Managers and Certification Regime (SMCR) came into play in the UK banking sector in early 2016, with the aim of reducing harm to consumers and strengthening market integrity by creating a system that enables firms and regulators to hold individuals to account – and it is not going away with the FCA...

BLOG

DSB Publishes Final Report on a Fee Model for the UPI

The Derivatives Service Bureau (DSB) has published its final report on a fee model for the Unique Product Identifier (UPI) that will come into play in July 2022. The report – Principles Underlying the Fee Model for the Unique Product Identifier (UPI) Service – is based on two consultation papers and considers both the UPI...

EVENT

RegTech Summit Virtual (Redirected)

The highly successful RegTech Summit Virtual was held in November 2020 and explored how business and operating models are adapting post COVID and how RegTech can provide agile and enhanced compliance for managing an evolving risk and compliance landscape. The event featured daily live keynotes, panel discussions, presentations, fireside chats and Q&A sessions with content available on demand over five days.

GUIDE

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...