Broadridge announces significant adoption of its service for connectivity
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Broadridge announces significant adoption of its service for connectivity 08 July 2025US Reporter: Zarah Choudhary
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Broadridge Financial Solutions has announced the market adoption of its service for connectivity, message processing and workflow management for instant payments to support banks in accelerating their transition to real-time Swift payments ahead of the October 2025 EU’s Instant Payments Regulation (IPR) cutoff.
Kai Marzenell, director, SWIFT product management at Broadridge, says: “With instant payments now a regulatory necessity, financial institutions are actively looking for scalable and cost-efficient solutions that ensure seamless compliance and real-time payment readiness. Our solution not only minimizes onboarding complexity but also offers financial institutions a significant cost advantage, enabling them to better operate, innovate and grow.”
Since launching the solution in Autumn 2024, Broadridge has onboarded seven clients in five months, enabling real-time payments through partnerships with banking solution providers, such as CPB SOFTWARE (formerly EFDIS), as well as instant payment application providers, such as Foconis.
Christian Wust, managing director at CPB SOFTWARE (GERMANY) GMBH, says: “Speed of onboarding was a game-changer in this collaboration. While most providers require six months or more per institution, Broadridge helped our clients go live in just five months, covering multiple banks in that timeframe. This level of agility is a major advantage in today’s fast-moving payments environment.”
Broadridge provides an integration with the European Central Bank’s Target Instant Payment Settlement (TIPS) system which, according to the company, ensures banks with transactions that settle 24/7, with zero downtime.
The infrastructure at Broadridge also offers ‘active-active’ failover across two data centers ensuring uninterrupted service availability. According to the company this reduces risk and enhances resilience by allowing banks to rigorously pre-test failover scenarios under real-world conditions.
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