LONDON and NEW YORK, Sept. 24,
2019 /PRNewswire/ -- Broadridge Financial Solutions, Inc.
(NYSE:BR), a global Fintech leader and part of the S&P 500®
Index, today announced that its Global Asset Servicing Solution is
now available on Amazon Web Services, Inc. (AWS) and that a global
tier-1 investment bank is in live operation with the solution and
another global tier-1 bank is onboarding. Replacing multiple
incumbent systems with a single solution can help these companies
to achieve greater levels of efficiency through standardized
processes and data globally, while reducing operational risks. They
can also respond more effectively to regulatory reporting
requirements and client service needs, by adding increased
oversight and business control.
Broadridge's full-end-to-end solution is designed to address key
industry, business and operational challenges in global asset
servicing, by streamlining corporate actions, dividend and coupon
processing across multiple asset classes, business lines and
regions. Operating the solution on AWS can add increased
operational agility, improved and faster client onboarding, quicker
deployments, and enhanced security, scale, and resiliency.
"Collaborating with AWS to leverage the latest in cloud
technology will address the significant challenges of inefficient
processes in asset servicing and reduced ability to control costs,"
said Samir Pandiri, President of
Broadridge International. "This is another example of delivering
real business value through leading technology-driven solutions
that set the standard for the financial services industry."
"Asset Servicing is a vital component of the daily operations of
banks and broker-dealers," said Scott
Mullins, Head of Worldwide Financial Services Business
Development at Amazon Web Services, Inc. "By using AWS to power its
industry-leading Global Asset Servicing Solution, Broadridge is
providing its clients with increased operational effectiveness,
resiliency and scalability, while providing the ability to
effectively control costs."
The Broadridge Global Asset Servicing Solution offers a unified
global platform across geographies and business units. Users
can view, manage and report across portfolios, events and global
trading models, bringing increased visibility and transparency
across the entire asset servicing lifecycle. The solution is
designed to enhance front office activities by helping traders and
portfolio managers mitigate risk of loss and pursue revenue
generation, for example, through arbitrage opportunities.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR), a $4 billion global Fintech leader and a part of
the S&P 500® Index, is a leading provider of investor
communications and technology-driven solutions to banks,
broker-dealers, asset and wealth managers and corporate issuers.
With over 50 years of experience, including more than 10 years as
an independent public company, Broadridge provides an important
infrastructure that powers the financial services industry.
Broadridge's infrastructure underpins proxy voting services for
over 50 percent of public companies and mutual funds globally, and
processes on average more than U.S. $7
trillion in fixed income and equity trades per day of
securities. Broadridge employs over 11,000 full-time associates in
18 countries.
For more information about Broadridge, please
visit www.broadridge.com
Investors:
W. Edings Thibault
Head of Investor Relations
+1 516-472-5129
edings.thibault@broadridge.com
Media:
Tina
Wadhwa
Broadridge Financial Solutions
+1 212-973-6164
Tina.wadhwa@broadridge.com
EMEA
Georgie Gold
Cognito Europe
+44 (0)20 7426 9428
Georgie.gold@cognitomedia.com
APAC
Yuri van der Leest
yuri.vanderleest@teneostrategy.com
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SOURCE Broadridge Financial Solutions, Inc.