NEW
YORK, Oct. 25, 2022 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE:BR), a global
Fintech leader, announced today that it will enable clients to
better automate the processing of Corporate Action and Dividends
events managed through the Euroclear CREST platform. The new
solution capabilities further enable financial institutions to
simplify and automate their corporate actions processing while
reducing the risk and complexity across their business. This
service includes event creation, instruction management and
payments processing and settlement, thereby reducing risk
associated with human error and providing significant cost savings
for clients.
"This new offering is the latest example of Broadridge driving
market innovation through automation across the corporate actions
industry," said Michael Wood, Head
of Asset Servicing, Broadridge. "Broadridge Global Asset Servicing
is the only solution to provide full end-to-end processing
automation, real time connectivity to clients' position management
systems, market data sources and now direct market infrastructure
connectivity. These developments, coupled with the advanced event
processing automation, straight-through-processing and client
facing capabilities further enhance Broadridge Global Asset
Servicing as the most comprehensive end-to-end corporate actions
management solution in the market."
The program will provide common members of both CREST and
Broadridge Global Asset Servicing the ability to source CREST event
data as part of the announcement capture process, in turn,
facilitating the automation of instructions, increasing
straight-through-processing rates, and minimizing the risks
associated with manual instructions. This includes the
handling of the time sensitive buyer protection process or "ACON"
specific to the UK Market. In addition, the systematic management
of transformation and payment unique to the CREST platform is fully
supported, providing full control over the booking and settlement
of entitlements across event types for the Broadridge client.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with more than $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
in equities, fixed income, and other securities globally. A
certified Great Place to Work®, Broadridge is part of
the S&P 500® Index, employing over 14,000 associates
in 21 countries.
For more information about Broadridge, please visit
www.broadridge.com.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
+1 516-472-5129
Edings.Thibault@Broadridge.com
Media:
Gregg
Rosenberg
Corporate Communications
(212) 918-6966
Gregg.Rosenberg@broadridge.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/broadridge-fully-automates-corporate-action-and-dividend-events-managed-through-euroclear-crest-301659040.html
SOURCE Broadridge Financial Solutions, Inc.