PROactive, a reconciliation and process management solution, has been released by Broadridge to enhance overall operational efficiency for global financial firms.
The solution includes a new confirmations portal for sell-side firms seeking to improve service levels with institutional clients. The portal will include seamless, real-time processing and will eliminate paper-based communications for affirmations of foreign exchange and non-deliverable forward trade confirmations.
Sell-side confirmations received through SWIFT are published via the internet, allowing buy-side organisations to easily view, affirm or query them.
Through the enhancements, PROactive will give a more targeted resolution of true processing expectations that will resolve automatically when certain conditions are met.
Jose Contin, general manager of reconciliation and process management solutions for Europe, Middle East and Africa and the Americas at Broadridge, said: “We have extended our track-record of helping firms reduce the cost of configuring new reconciliations through our new, user-friendly dashboards that help tackle prioritized expectations in a more timely and efficient manner.”
“Our new confirmations portal, available as a technology managed service, offers firms a secure and streamlined approach to confirmation and affirmation processing at a time when industry regulations, specifically around the requirement of timely confirmations, are becoming ever more prevalent.”
