PROactive Reconciliation will enable Gemini to analyse trading and other transaction data, while automating the calculation of differences in pricing data and identifying any anomalies.
These efficiencies mitigate reliance on extensive paper trails to track costly data errors, said a statement. In addition, Broadridge delivers automation improvements through a variety of delivery options as part of the integration process.
“This reconciliation tool will save us significant time and processing costs by automating trading and data entry operations from beginning to end across our organisation,” said Andrew Rogers, CEO of Gemini. “We are always seeking innovative solutions that increase operational efficiencies for our clients.”
Gemini recently integrated the turnkey data aggregation platform of ByAllAccounts, which automates the process of gathering brokerage and custodian data.
“Rising transaction volumes and evolving global regulatory requirements make it more essential than ever for financial services companies to reduce the risk of processing errors and improve organisation-wide operations,” said Jose Contin, general manager of Broadridge City Networks for EMEA and the Americas.