LONDON, SYDNEY and NEW
YORK, Feb. 17, 2022
/PRNewswire/ -- To assist in optimising their securities finance
offering, FinClear, the leading wealth management
infrastructure provider in Australia, has selected
Broadridge Financial Solutions, Inc. (NYSE:BR), a global
Fintech leader. Broadridge's Securities Finance and Collateral
Management (SFCM) FastStart solution provides FinClear and its
clients with enhanced functionalities in this area of the
business.
"We are pleased to add FinClear to our growing client base in
APAC," said Darren Crowther, General
Manager of Broadridge's SFCM. "In the ever changing landscape of
securities finance, financial institutions need to react quickly in
order to trade new products, access new streams of revenue, and
service an ever expanding customer base. At its core, SFCM
FastStart promotes simplification and streamlining of securities
finance, allowing our clients to benefit from effortless
integration and automation, with the ability to grow and scale
while meeting increased market and regulatory requirements."
Broadridge SFCM is a functionally complete front-to-back SaaS
solution for securities finance, used widely across the global buy-
and sell-side stock lending, repo, and collateral trading
markets. Clients like FinClear can rapidly gain access to SFCM via
the SFCM FastStart program, which provides a core securities
finance foundation at a low price point and with a minimal initial
integration footprint, ready for use, and for phased expansion of
integration and automation as business grows. FastStart has given
firms the ability to improve their existing securities finance
businesses or expand into new global markets and opportunities with
a core foundation that can be scaled up and built upon as the
business grows.
"Securities finance is an important hedging, liquidity, and
revenue enhancement tool for many FinClear clients," said
Andrea Marani, COO at FinClear.
"Broadridge SFCM allows us to offer additional functionalities and
enhanced processes, delivering a greater experience for our
customers."
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with $5 billion in revenues,
provides the critical infrastructure that powers investing,
corporate governance, and communications to enable better financial
lives. We deliver technology-driven solutions that drive business
transformation for banks, broker-dealers, asset and wealth
managers, and public companies. Broadridge's infrastructure serves
as a global communications hub enabling corporate governance by
linking thousands of public companies and mutual funds to tens of
millions of individual and institutional investors around the
world. Our technology and operations platforms underpin the daily
trading of more than U.S. $9 trillion
of equities, fixed income and other securities globally. A
certified Great Place to Work®, Broadridge is part of
the S&P 500® Index, employing over 13,000 associates
in 21 countries. For more information about us, please visit
broadridge.com.
About FinClear
FinClear is a technology and financial market
infrastructure company. In addition to operating its own HIN
platform, FinClear enables fintechs, wealth and stockbroking
entities to innovate, through the provision of platform technology
solutions and market access. FinClear either directly trades,
clears and settles or provides technology that services more than
50% of all retail equity transactions every day in Australia and hosts over $130 billion in direct HIN investments for end
clients.
Investors:
W. Edings Thibault
Head of Investor Relations, Broadridge
+1 516-472-5129
Edings.Thibault@Broadridge.com
Media:
Tina Wadhwa
Corporate Communications, Broadridge
+1 212-973-6164
Tina.Wadhwa@broadridge.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/leading-australian-wealth-firm-selects-broadridge-to-grow-securities-finance-business-301484537.html
SOURCE Broadridge Financial Solutions, Inc.