LONDON -- (MARKET WIRE) -- 10/01/07 --
Broadridge Financial Solutions, Inc. (NYSE: BR),
formerly ADP Brokerage Services Group, has announced that it has signed
clients in new markets since extending the international reach of its SWIFT
Service Bureau.
Broadridge has moved into the Eastern European market with the addition of
Pioneer Investments in Prague to its SWIFT Service Bureau portfolio.
Andreas Günther, a European Managing Director of Broadridge, said, "The
Eastern European market is a new region for Broadridge, and one in which we
are committed to developing our business."
Overall, Broadridge has increased the number of users on its SWIFT Service
Bureau in the past year to 26 BICs. This includes gaining its first clients
in the UK and the US, as well as growing its client base in continental
Europe and signing its first corporate client using the SCORE (Standardised
Corporate Environment) approach.
The Broadridge SWIFT Service Bureau, including its SWIFT Transaction
Manager (STM), has been upgraded to cover the SWIFT standards and to help
meet the requirements and market needs of corporate clients. Broadridge has
invested in its services to enable corporate usage either directly or via a
firm's banking partner.
Functional enhancements have been extended through the addition of the
SWIFT Transaction Manager (STM) to Broadridge's SWIFT Service Bureau for
the US market. The STM, already comprehensively proven in the European
markets, is an advanced workflow feature that enables users to monitor the
full lifecycle of their messages via an up-to-date browser, and create,
release and re-route messages in a controlled STP environment. Users
without knowledge of SWIFT formats can input any type of message which is
then automatically transformed into the appropriate SWIFT format.
About Broadridge
Broadridge Financial Solutions, Inc., formerly ADP Brokerage Services
Group, with over $2.0 billion in revenues and more than 40 years of
experience, is a leading global provider of technology-based outsourcing
solutions to the financial services industry. Our systems and services
include investor communication, securities processing, and clearing and
outsourcing solutions. Broadridge offers a broad, integrated suite of
innovative global solutions across the investment lifecycle and provides a
wide range of cost-effective and scalable solutions to the financial
industry. Our systems help reduce the need for clients to make significant
capital investments in operations infrastructure, thereby allowing them to
increase their focus on core business activities. For more information
about Broadridge, please visit www.broadridge.com.
Contact:
Media:
Mike WestBroadridge Financial Solutions, Inc.London
T: +44 (0)20 7551 3224
E: Email Contact