Latest Broadridge Financial Solutions News: Finextra Research

Blockchain will change everything, but only if we can find the right talent

On the one hand, financial services executives believe distributed ledger technology will have a transformative impact on the industry within the next three-to-five years, yet on the other a serious shortage of blockchain talent is threatening to impede real-world deployment. That's the conclusion of the two distinct pieces of research conducted by Bain and Tabb Group.

09 February 2017

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Finextra paper finds shared services key for proxy voting transformation

Local custodians can tackle structural costs - and improve customer experience - through outsourced proxy services, finds a new paper from Finextra.

15 September 2016

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Financial industry giants join $50m Digital Asset Holdings funding round

Digital Asset Holdings, the blockchain startup helmed by former JP Morgan luminary Blythe Masters, has raised more than $50 million in a funding round joined by some of the biggest names in financial services, including Citi, Deutsche Börse and Santander InnoVentures. One of the investors, the ASX, has also handed Digital Asset a contract to design a post-trade settlement system using distributed ledger technology.

21 January 2016

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Large banks could save $4bn per annum by creating a trade processing utility - Broadridge

Large banks could save up $4 billion each year by adopting a shared utility model for trade processing, according to a study by Broadridge.

22 September 2015

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Accenture moves into post-trade processing

Accenture is looking to cash in on the trend for banks to share back office processing costs after receiving approval from the UK's Financial Conduct Authority for the operation of a new post-trade utility.

08 April 2015

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Broadridge targets buy-side with Paladyne acquisition

Broadridge Financial Solutions has acquired buy-side technology and services outfit Paladyne Systems for around $76.5 million.

08 September 2011

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Broadridge unveils mobile ProxyVote platform

Broadridge Financial Solutions is introducing a mobile version of its ProxyVote platform that will enable shareholders to cast votes using smartphones and tablets.

03 December 2010

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Broadridge expands in mutual funds with $201 million Matrix acquisition

Broadridge is to acquire US mutual fund processor Matrix Financial Solutions for $201 million in cash.

25 November 2010

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IT spending on reconciliation and exception management set to soar - Celent

Global IT spending on reconciliation exception management will hit $700 million this year, with around half of this making its way to third party software vendors, according to research house Celent.

15 September 2010

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Broadridge buys City Networks

Broadridge Financial Solutions has acquired City Networks, a long-standing UK-based provider of reconciliation, multi-asset process automation and operational risk management software and services to the finance industry. Financial terms were not disclosed.

21 June 2010

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Penson buys Broadridge clearing contracts; outsources tech services

Penson Worldwide has entered into a deal to buy the clearing contracts of Broadridge Financial Solutions' Ridge business for up to $70 million and then outsource some technology and processing services to the seller.

03 November 2009

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Instinet Europe implements Broadridge back office ASP

Instinet Europe has signed for outsourcing provider Broadridge Financial Solutions' international securities processing system, Gloss.

14 January 2009

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