Introducing the industry's first and only true
end-to-end BPO solution for Trade Finance
NEW
YORK, Jan. 10, 2023 /PRNewswire/
-- LiquidX, the leading global fintech platform for
digitization, monetization, and risk mitigation for trade finance,
announces its new business process outsourcing (BPO) service,
InBlock TradeOps, in partnership with Broadridge Financial
Solutions (NYSE: BR). This new service delivers a turnkey middle
and back-office operations solution in trade finance combining the
most advanced technology of LiquidX and the world class outsourcing
capabilities of Broadridge.
"InBlock TradeOps is the first complete solution to focus on
lending and investing in this multi-trillion dollar credit asset
class, eliminating all the operational challenges," said
Jim Toffey, CEO of LiquidX. "We are
proud of TradeOps's flexible pricing and servicing model that
scales with the investor's investments, allowing them to operate
smarter, faster and cheaper with better investment returns."
InBlock TradeOps leverages the advanced digitization tools of
InBlock to automate large portions of the workflow. This empowers
trade finance investors, such as banks and asset managers, to save
significant costs while having access to better real-time
information to make smarter investment, risk and compliance
decisions.
"After our joint, in-depth study of the trade finance industry,
we believe InBlock TradeOps can save the industry significantly in
operational expenses over the next decade," said Matt Connor, COO of Broadridge's Global
Technology and Operations business. "We believe that InBlock
TradeOps can save many organizations 30-50% on their operations
expenses."
"The market has traditionally only focused on addressing
corporate client pain points, and we are thrilled to offer a
solution that solves challenges that the legacy technology has
created for asset managers and regional banks," said Dominic Capolongo, CRO of LiquidX. "The
customers that have been using this solution in beta for over a
year now have enjoyed the benefits of InBlock TradeOps. Rolling out
our BPO service to a larger client base is an exciting new venture
for both LiquidX and our strategic clients."
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 14,000 associates in 21
countries.
For more information about us and what we can do for you, please
visit www.broadridge.com.
About LiquidX
LiquidX is a leading global technology company that enables
finance professionals to transact faster, smarter, and cheaper by
digitizing and automating their trade finance and working capital
management. Our flagship solutions incorporate blockchain
technology and machine learning analytics to greatly enhance
transparency, reporting, and forecasting for financial
professionals.
Headquartered in New York with
offices in Boston, London, and Singapore, LiquidX delivers the
industry-leading ecosystem for working capital optimization to its
diverse network of global participants including corporations,
banks, institutional investors, and insurance providers. Our
partnerships with the likes of Broadridge, U.S. Bank, and Citi
bring a broad spectrum of clients access to the turnkey
front-to-back solution that streamlines transactions between
suppliers, buyers, and their banks.
To learn more about our next generation solutions please visit
liquidx.com.
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg
Rosenberg
Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.