Broadridge Financial Solutions’ global asset servicing solution is now live Amazon Web Services (AWS).
It also revealed that a global tier-one investment bank is in live operation while another is onboarding.
Broadridge’s solution is designed to address key industry, business and operational challenges in global asset servicing, by streamlining corporate actions, dividend and coupon processing across multiple asset classes, business lines and regions.
By operating on AWS, it can add increased operational agility, improved and faster client onboarding, quicker deployments, and enhanced security, scale, and resiliency.
Samir Pandiri, president of Broadridge International, said: “Collaborating with AWS to leverage the latest in cloud technology will address the significant challenges of inefficient processes in asset servicing and reduced ability to control costs. This is another example of delivering real business value through leading technology-driven solutions that set the standard for the financial services industry.”
Scott Mullins, head of worldwide financial services business development at Amazon Web Services, added: “Asset servicing is a vital component of the daily operations of banks and broker-dealers. By using AWS to power its industry-leading global asset servicing solution, Broadridge is providing its clients with increased operational effectiveness, resiliency and scalability, while providing the ability to effectively control costs.”
