Broadridge introduces modular platform for asset servicing
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Broadridge introduces modular platform for asset servicing 18 September 2024US Reporter: Clelia Frondaroli
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Broadridge has integrated a number of asset servicing functions into a single, multi-currency platform across capital markets and global custody.
The solution is designed to collate and provide a host of asset servicing activities, with the aim of expanding beyond existing industry solutions and include tax reporting, cost basis and class actions.
The firm says the platform will further enhance automation, operational accuracy and risk mitigation.
Commenting on the new solution, Michael Alexander, president of wealth management at Broadridge, states: “Changes like the transition to T+1 and eventual T+0 settlement cycles and the rise of AI strategies are driving the demand for real-time, standardised data and streamlined, end-to-end operations.”
“With our trusted expertise and transformative technology, we are uniquely positioned to create a single, best-in-class solution that addresses these issues head-on and can help our clients operate more efficiently in an increasingly digital and data-driven environment."
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