Broadridge Financial Solutions has revealed its next-generation solution to address key industry, business and operational challenges with global asset servicing.
The new solution streamlines corporate actions, dividend and coupon processing across multiple asset classes, business lines and regions by automating the full asset servicing lifecycle, bringing scale, speed, accuracy and efficiency to firms globally.
It has been designed to help firms mitigate these drawbacks by standardising and automation processes for announcements, notifications, elections, accruals, entitlements, and settlements globally.
According to Broadridge, the new solution can support and enhance front office activities through comprehensive data management and analytics, helping traders and portfolio managers mitigate losses and pursue revenue generation.
Tom Carey, president of Broadridge global technology and operations, said: "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 their architecture, streamlines the operations and improve risk management.”
He added: "Our industry-leading solution—designed by users for users—simplifies the technology of our capital markets clients and helps their back-office functions drive real business and operational value."
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