Broadridge Financial Solutions (NYSE:BR) today announced that its recently acquired business, Broadridge City Networks, has been awarded the SwiftReady label for its PROactive Reconciliation solution.
The accreditation ensures that the PROactive Reconciliation solution meets the latest stringent requirements for SWIFT messaging standards and back-office automation.
The award reaffirms Broadridge's status as a leading vendor in the reconciliation marketplace. An increasing number of new prospects are attracted to Broadridge City Networks, with many using the SWIFT accreditation as a benchmark starting point in their selection process.
New requirements within the award assessment process at SWIFT ensure that the accreditation criteria are closely aligned to the requirements of both banks and corporates, and that the benchmark of the SWIFT accreditations are meaningful assessments of vendors' ability to support specific business functionality requirements.
Broadridge City Networks' PROactive Reconciliation solution provides configurable modules for both internal and external reconciliation across cash, payments and securities as well as an increasingly popular liquidity management solution for ensuring best use of intra-day funds. An integrated exception management module ensures a comprehensive back-office solution that can increase process automation while reducing operational risk.
Patrik Neutjens, Head of Partner Management at SWIFT, commented, "Considerable focus and dedication to product development is required in order to achieve SWIFTReady status. This accreditation recognises both product leadership and innovation, and that end-users are realising tangible business benefits from using the Broadridge City Networks solution. We look forward to another year of working with the Broadridge team."
Marcus Dutton, General Manager, Broadridge City Networks, added, "We are proud to have been recognised by SWIFT for the quality and effectiveness of our PROactive Reconciliation solution. We remain firmly committed to further developing our solution to extend our position at the forefront of process automation and meet our custcustomers' evolving requirements on a global basis."