The modular cloud-based solution will open new
markets and reduce maintenance burden and complexity
NEW
YORK and TOKYO,
March 10,
2024 /PRNewswire/ -- Matsui Securities Co., Ltd., one
of Japan's top online securities
brokers, has selected global Fintech leader Broadridge Financial
Solutions, Inc.'s (NYSE: BR) cloud based SaaS post-trade processing
solution to drive operational efficiency in its stock lending
business. System integrator Intelligent Wave will develop the front
office component and system integration as well as provide project
management and overall consultation to Matsui Securities.
"Hitherto, we have operated an internally developed system for
stock lending transactions, but as our business has grown it has
become bloated, making system maintenance a significant burden,"
said Shinichi Uzawa, Managing
Director, Corporate Division at Matsui Securities. "By adopting
Broadridge's post-trade processing solution with its proven global
track record, we expect to reduce our maintenance burden and
facilitate a far more stable management with much greater
operational efficiency."
"We are delighted to work with Matsui Securities and Intelligent
Wave to meet their clients' current and future stock lending needs
in Japan," said Ian Strudwick, Managing Director, Head of
Asia Pacific at Broadridge. "In
today's competitive online securities brokerage market, margin
compression means that our clients are looking at new revenue
growth opportunities and operating efficiencies. Our modular
platform allows them to achieve these goals, quickly and with ease,
and provides the flexibility for future expansion of their services
locally and globally at scale."
Broadridge delivers global simplification, transformation and
innovation across the trade lifecycle through scalable solutions.
Broadridge's cloud based post-trade SaaS solution will allow Matsui
Securities to process and settle all stock lending and borrowing
transactions, manage the corresponding positions, compute required
collateral, as well as automatically calculate fees and rebates and
manufactured dividends.
About Matsui Securities
Matsui Securities Co., Ltd. is an online-focused securities firm
that provides financial products and services to retail investors
via the internet. Our range of products and services includes
Japanese and U.S. stocks, forex, investment trusts, futures
options, NISA, and iDeCo. Our corporate philosophy is "Supporting
the prosperous lives of customers" and our corporate objective is
"Delivering valuable financial products and services to retail
investors." Under our corporate slogan, "As a reliable securities
broker, we make investment fun and interesting," we are
committed to a "reliable" approach to investment while aiming to
provide products and services full of ideas that make investing
"fun and interesting" through the excitement and enjoyment of the
investment experience, helping our customers to discover and
grow.
About Intelligent Wave
Intelligent Wave Inc. is an IT services firm that supports
business reliability in sectors including settlement, finance and
securities.
We have acquired a high share in the domestic Japanese market
through developing, building, and maintaining systems for the
financial industry that process large volumes of data accurately
and in real time, including building online network gateway systems
for settlement systems and stock price information distribution
gateway systems for the securities market. We are also
significantly expanding our information security business by
introducing and disseminating our proprietary internal information
security products, as well as advanced solutions from overseas, in
the domestic market.
For more information, please visit:
https://www.iwi.co.jp/en/
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with over $6 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 $10 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, please visit
www.broadridge.com.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg
Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.