LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the
launch of a range of new outsourcing services for reconciliations and
process automation. The services include the availability of
Broadridge’s PROactiveTM Reconciliation solution on an
ASP (application service provider) service bureau basis, as well as
Broadridge’s provision of BPO (business process outsourcing) services
for firms wishing to outsource the operational functions associated with
the reconciliation process.
The new outsourcing services demonstrate Broadridge’s strategic
commitment to extend customer choice through the delivery of flexible,
client-centric reconciliation solutions in conjunction with its recent
acquisition of leading vendor City Networks and its PROactiveTM
Reconciliation solution. Firms using Broadridge’s services can benefit
from cost and service predictability based on Broadridge’s flexible,
transparent and highly scalable business model, which is backed by the
highest standards of customer support for all aspects of reconciliation
processing from the earliest point in the trade processing lifecycle
through to post-settlement for any type of financial instrument across
all internal systems and external agents.
Broadridge has more than 40 years of experience in providing technology
and outsourcing solutions to the global financial services industry.
Firms using Broadridge’s ASP services will be able to minimise risk by
leveraging an industry-leading infrastructure that includes tier IV data
centres and global support structure, IT services with robust capacity,
performance and disaster containment.
Reconciliation processing also represents the latest extension to
Broadridge’s growing range of BPO services, which allow financial
services firms to further leverage Broadridge’s economies of scale
through its on- and off-shore processing resources. Broadridge’s BPO
resources include an experienced team with specialist knowledge relating
to the reconciliation process. [Broadridge previously announced an
expansion of its BPO solutions on September 15, 2010.]
Tom Carey, President, Securities Processing Solutions, International,
Broadridge, said, “When we acquired City Networks earlier this year, it
was always part of our business plan to extend customer choice through
the provision of both ASP and BPO outsourcing services, while also
remaining fully committed to the ongoing delivery of on-site, licensed
solutions. I am very pleased with the speed and efficiency with which we
have on-boarded this highly complementary new business line, and as a
result we have been able to accelerate the pace of our product and
service investments.”
About Broadridge
Broadridge is a technology services company focused on global capital
markets. Broadridge is the market leader enabling secure and accurate
processing of information for communications and securities transactions
among issuers, investors and financial intermediaries. Broadridge builds
the infrastructure that underpins proxy services for over 90% of public
companies and mutual funds in North America; processes more than $3
trillion in fixed income and equity trades per day; and saves companies
billions annually through its technology solutions. For more information
about Broadridge, please visit www.broadridge.com.
Source: Broadridge Financial Solutions, Inc.