20 July 2018
Visit www.gemalto.com

Lloyds extends use of Broadridge Tarot platform

25 February 2010  |  1973 views  |  0 Source: Broadridge Financial Solutions

Broadridge Financial Solutions (NYSE:BR) today announced that Lloyd's, the world-leading specialist insurance market, has signed a multi-year agreement to continue using Broadridge's UK market-leading retail and private client transaction processing platform, Tarot, on a service bureau basis.

It has also extended its use of Broadridge's solutions through a SWIFT messaging bureau service that is newly available to Tarot users.

Lloyd's is a well-established user of the Tarot service bureau, and uses the solution to process its members' funds and assets, such as equities, bonds and cash, which are held in custody by Lloyd's both for the UK and international equity and bond markets.

Tarot enables Lloyd's to benefit from the highest levels of operational efficiency throughout the processing of trade settlement, instructions and corporate actions, together with proactive exception management and workflow support. It also provides remote access for Lloyd's member agents and corporate members; allows Lloyd's to register members' assets against other members' liabilities; and provides a comprehensive reference data repository.

As part of Broadridge's commitment to ongoing investment in its range of products and services, Tarot users can now take advantage of newly introduced market connectivity to the SWIFT network. Lloyd's has commenced live operational usage of this service to process its payments and international trade settlements as part of the custody management services that it provides for its members, enabling it to benefit from higher levels of straight-through processing and reduced manual intervention.

"Lloyd's is a prestigious, globally respected organisation, and we are very privileged to have been selected to continue as their service provider," said Tom Carey, President, Securities Processing Solutions, International, Broadridge. "Lloyd's, and its clients, can depend on our absolute commitment to service excellence, as well as an ongoing investment in our solutions to ensure that we and our clients remain at the forefront of the marketplace," Mr. Carey continued.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Broadridge Financial Solutions

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit https://secure.vasco.comVisit info.nice.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12222 views comments | 5 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
10104 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9817 views comments | 6 tweets | 15 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
9564 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9373 views 19 comments | 14 tweets | 30 linkedin

Featured job

Find your next job