NEW YORK and DUBLIN, Oct. 22,
2020 /PRNewswire/ -- Utilizing the latest in Cloud
technology to enable end-to-end Securities-Based Lending
(SBL), Rockall, a Broadridge Financial Solutions,
Inc. (NYSE:BR) company, has launched the Broadridge SBL
platform. With SBL becoming an ever-more important credit product
for financial advisors and their clients, the Broadridge SBL
platform combines Rockall's existing credit and operational risk
technology (FASTNET) with new loan origination capabilities
(NAVIGATOR). This platform delivers a streamlined end-to-end
process incorporating self-service loan management for the advisor
and client.
"Digitization of the entire SBL process speeds up and smooths
down the client and advisor experience; loans can be approved and
funded more quickly, reducing time-to-loan to same day or next day
funding," said Luke Nestor, founder
of Rockall. "The Broadridge SBL Platform leverages next-gen
technology to marry process efficiency and automation in the back
office with an exceptional advisor and client experience. The
platform makes it substantially easier for advisors to bring SBL to
their clients, allowing them to defend and grow AUM."
Built on Rockall's strong core SBL client base over 20 years,
with a focus on credit monitoring and risk management, the
Broadridge SBL Platform is a new, digitized offering providing a
full end-to-end securities-based lending experience. The platform
puts loan origination and management directly onto the advisor
dashboard, coupling it with rich back office SBL operations and
risk management. advisors can access detailed client
information as well as benefit from automated SBL workflows. By
replacing manual information-gathering requests with a fully
digital process, client decisions are better-informed and new
business can be accelerated through a simple application process.
Credit release decisions, margin call management and client
communications workflow are also all fully digitized.
By providing direct connectivity across the full SBL ecosystem –
including between multiple third-party market pricing, custodian,
core banking and loan accounting systems – the business is better
placed to manage SBL loans at volume, even at times of market
volatility. The platform combines best-in-class security
safeguards including SOC 2 compliance, market-leading middle- and
back-office capabilities and a fully digital front office
experience.
The platform supports a client self-service model by providing
an application front-end for direct client applications
– enabling the business to offer compelling SBL options to
clients who might otherwise consider competitive credit offerings
from other institutions. Self-service goes beyond online accessing
of account information to deliver rich loan management capabilities
directly to the advisor and client base, including notifications,
inquiry, drawdowns, release requests and funds disbursement.
Product Feature Spotlight
- Intelligent Prospecting
- Automated Applications
- Loan packet and E-Signatures
- Auto-decisioning and Underwriting
- Same-day Funding
- Real-time Monitoring
- Stress Testing
- Self-service Loan Management
The Broadridge SBL Platform integrates with multiple internal
and external systems to acquire and process loan and collateral
data, including held-away assets. It streamlines
communication between lender and advisor, integrating existing
activities into a robust, repeatable automated process.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR), a $4
billion global Fintech leader, is a leading provider of
investor communications and technology-driven solutions to banks,
broker-dealers, asset and wealth managers and corporate issuers.
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.$8 trillion in fixed income and equity
securities trades per day. Broadridge is part of the S&P 500®
Index and employs over 12,000 associates in 17 countries.
For more information about Broadridge, please
visit www.broadridge.com
Broadridge Contacts:
Investors
W. Edings Thibault
Head of Investor Relations, Broadridge
+1 516-472-5129
Edings.Thibault@Broadridge.com
Media
North America
Tina Wadhwa
Corporate Communications, Broadridge
+1 212-973-6164
Tina.wadhwa@broadridge.com
Europe:
Charlie Morrow
Cognito
+44 (0) 20 7426 9400
charlie.morrow@cognitomedia.com
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SOURCE Broadridge Financial Solutions, Inc.