New, Extended Outsourcing Flexibility Added to Market Leading
Technology Solutions
LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--
Broadridge Financial Solutions (NYSE: BR), a market leading technology
services and outsourcing company to the global financial services
industry, today announced a major expansion of its outsourcing solutions
offering.
In response to market demand, Broadridge has extended its business
process outsourcing (BPO) services beyond securities processing
functions and, in order to offer greater flexibility to global financial
institutions, now enables firms to use their technology of choice while
taking advantage of Broadridge’s BPO solutions. Broadridge’s expanded
BPO services now include the performance of the back-office,
middle-office, corporate and finance functions of global financial
services firms. These solutions are differentiated by Broadridge’s
global subject matter expertise and financial services industry
experience. Broadridge also continues to provide BPO solutions to its
clients in connection with its own proprietary securities processing
platform.
“Broadridge’s BPO solutions are flexible and completely customizable for
our clients’ needs. Any financial services firm can now benefit from
Broadridge’s significant subject matter expertise and proven track
record in the financial services industry,” explained Joseph Barra,
President, SPS International and Global Outsourcing Solutions,
Broadridge.
The back-office functions supported by Broadridge include securities
clearance and settlement, corporate actions, tax reporting, mutual
funds, and other books and records processing. The middle-office
functions supported by Broadridge include account opening and
maintenance, and account and asset transfers. Corporate and finance
functions supported by Broadridge include traditional accounting
processes such as accounts payable and management reporting and also
treasury, risk, compliance and regulatory reporting.
“Broadridge’s BPO solutions allow financial services firms to leverage
Broadridge’s economies of scale and its on- and off-shore processing
resources, regardless of the technology platform a firm prefers,” Mr.
Barra added. “Our metric-driven, scalable BPO solutions offer continuous
process improvement and security, enabling clients to reduce fixed costs
and infrastructure risk. Clients will also be able to focus more on
accelerating growth in their existing businesses and entering new
markets, asset classes, lines of business and geographies,” he concluded.
Broadridge, with more than 40 years of experience in providing
technology and outsourcing solutions to the global financial services
industry, was ranked #1 Brokerage Process Services Outsourcing Provider
by The Black Book of Outsourcing, an annual report published by Orbys, a
Datamonitor company, for the third consecutive year.
About Broadridge
Broadridge is a technology services and outsourcing 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.