Leading Australian Wealth Firm Selects Broadridge to grow Securities Finance Business

Rhea-AI Summary

Broadridge Financial Solutions (NYSE: BR) has partnered with Australia's FinClear to enhance its securities finance offerings through the SFCM FastStart solution. This integration aims to simplify and automate securities finance, enabling FinClear to better serve its expanding client base. With Broadridge's technology, FinClear clients can access new revenue streams and improve operational efficiency. Broadridge, a fintech leader, reports $5 billion in revenues and supports over $9 trillion in daily trading across global markets.

Positive

• Partnership with FinClear strengthens Broadridge's presence in the APAC market.
• SFCM FastStart solution allows clients to streamline securities finance operations and integrate new functionalities.
• Potential for FinClear to expand into new markets and revenue opportunities due to Broadridge's technology.

Negative

• None.

LONDON, SYDNEY and NEW YORK, Feb. 17, 2022 /PRNewswire/ -- To assist in optimising their securities finance offering, FinClear, the leading wealth management infrastructure provider in Australia, has selected Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader. Broadridge's Securities Finance and Collateral Management (SFCM) FastStart solution provides FinClear and its clients with enhanced functionalities in this area of the business.

"We are pleased to add FinClear to our growing client base in APAC," said Darren Crowther, General Manager of Broadridge's SFCM. "In the ever changing landscape of securities finance, financial institutions need to react quickly in order to trade new products, access new streams of revenue, and service an ever expanding customer base. At its core, SFCM FastStart promotes simplification and streamlining of securities finance, allowing our clients to benefit from effortless integration and automation, with the ability to grow and scale while meeting increased market and regulatory requirements."

Broadridge SFCM is a functionally complete front-to-back SaaS solution for securities finance, used widely across the global buy- and sell-side stock lending, repo, and collateral trading markets. Clients like FinClear can rapidly gain access to SFCM via the SFCM FastStart program, which provides a core securities finance foundation at a low price point and with a minimal initial integration footprint, ready for use, and for phased expansion of integration and automation as business grows. FastStart has given firms the ability to improve their existing securities finance businesses or expand into new global markets and opportunities with a core foundation that can be scaled up and built upon as the business grows.

"Securities finance is an important hedging, liquidity, and revenue enhancement tool for many FinClear clients," said Andrea Marani, COO at FinClear. "Broadridge SFCM allows us to offer additional functionalities and enhanced processes, delivering a greater experience for our customers."

About Broadridge

Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers, and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than U.S. $9 trillion of equities, fixed income and other securities globally. A certified Great Place to Work^®, Broadridge is part of the S&P 500^® Index, employing over 13,000 associates in 21 countries. For more information about us, please visit broadridge.com.

About FinClear

FinClear is a technology and financial market infrastructure company. In addition to operating its own HIN platform, FinClear enables fintechs, wealth and stockbroking entities to innovate, through the provision of platform technology solutions and market access. FinClear either directly trades, clears and settles or provides technology that services more than 50% of all retail equity transactions every day in Australia and hosts over $130 billion in direct HIN investments for end clients.

Investors:
W. Edings Thibault
Head of Investor Relations, Broadridge
+1 516-472-5129
Edings.Thibault@Broadridge.com

Media:
Tina Wadhwa
Corporate Communications, Broadridge
+1 212-973-6164
Tina.Wadhwa@broadridge.com

 

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SOURCE Broadridge Financial Solutions, Inc.

FAQ

What is the recent partnership between Broadridge and FinClear?

Broadridge Financial Solutions has partnered with FinClear to enhance its securities finance offerings using the SFCM FastStart solution.

How does the SFCM FastStart solution benefit FinClear?

The SFCM FastStart solution simplifies and automates securities finance, enabling FinClear to better serve its clients and access new revenue streams.

What are Broadridge's financial highlights?

Broadridge Financial Solutions reports $5 billion in revenues and facilitates over $9 trillion in daily trading across global markets.

When was the partnership announcement made?

The partnership announcement was made on February 17, 2022.

What is the significance of the partnership for Broadridge's market position?

The partnership enhances Broadridge's presence in the APAC market and expands its client base.