LiquidX and Broadridge partner on outsourcing service
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LiquidX and Broadridge partner on outsourcing service 10 January 2023US Reporter: Lucy Carter
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Fintech platform LiquidX has partnered with Broadridge to launch InBlock TradeOps, a new business process outsourcing service offering a turnkey middle- and back-office operations solution for trade finance.
The platform uses the digitisation tools of LiquidX’s InBlock service to automate workflows, reducing costs and improving information availability, the company says.
Broadridge’s experience in outsourcing will be used to support this, LiquidX says, helping to bring down costs and promote better investment decisions for clients.
Dominic Capolongo, chief research officer of LiquidX, says: “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 service to a larger client base is an exciting new venture for both LiquidX and our strategic clients.”
Matt Connor, chief operating officer of Broadridge’s global technology and operations business, comments: “After our joint, in-depth study of the trade finance industry, we believe that InBlock TradeOps can save many organisations 30-50 per cent on their operations expenses.”
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