Gemini deploys Broadridge reconciliation tool
14 January 2014 | 1193 views | 0
Gemini Fund Services, LLC (Gemini), an engaged partner to independent advisors as a provider of comprehensive, pooled investment solutions, announces that it is integrating the PROactive™ Reconciliation solution from Broadridge Financial Solutions, Inc. (BR) onto its platform.
Broadridge is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally.
PROactive Reconciliation will enable Gemini to analyze trading and other transaction data, while automating the calculation of differences in pricing data and identifying any anomalies. These efficiencies mitigate reliance on extensive paper trails to track costly data errors. In addition, Broadridge delivers automation improvements through a variety of delivery options as part of the integration process.
"This reconciliation tool will save us significant time and processing costs by automating trading and data entry operations from beginning to end across our organization," said Andrew Rogers, Chief Executive Officer of Gemini. "We are always seeking innovative solutions that increase operational efficiencies for our clients."
Gemini recently integrated the turnkey data aggregation platform of ByAllAccounts, which automates the process of gathering brokerage and custodian data.
"Rising transaction volumes and evolving global regulatory requirements make it more essential than ever for financial services companies to reduce the risk of processing errors and improve organization-wide operations," said Jose Contin, General Manager of Broadridge City Networks for EMEA and the Americas. "Gemini shares our conviction that organizations must invest in operational efficiency and process control in order to build and maintain client trust, to help satisfy their operational risk management needs, and to enable a timely and effective response to market and regulatory change."