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FINANCIAL SERVICES | Staff Reporter, Hong Kong
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Broadridge Asia Pacific Ltd wins 2017 Hong Kong Business International Business Award for Financial Technology

The fintech firm’s outstanding project for a Japanese client was recognised.

Broadridge Asia Pacific Ltd.’s project entitled “Transformation of Post-trade Processing Operations into Agile Platform for Growth” has been lauded as the number one Technology effort during the 2017 Hong Kong Business International Business Awards.

The global fintech company which provides technology, operations, communications, data, and analytics to financial firms and businesses transformed its clients’ operations with a cloud-based utility solution to provide significant operational efficiencies over traditional, locally-deployed post-trade processing services. One of the most noteworthy applications of this new system happened just this 2017 with a Japanese banking group located in Hong Kong.

Broadridge’s innovative platform enabled the Japanese client to manage returns on equity targets, easily handle ongoing regulatory and market changes, remove disparate systems and risky information silos, and reduce high middle- and back-office costs, all in all making the post-trade processing scenario more efficient.

Other client-side benefits of Broadridge’s new system include streamlined operations, reduced manpower costs, decreased operational risk, lowered total cost of ownership, consistent user experience throughout the enterprise, scalable processing power, stricter security standards, and the ability to seamlessly adapt to regulatory and market fluctuations.

Moreover, the solution enables its clients the ability to accelerate growth simply by adding cost-effective asset and process modules to the single platform, such as cash management, stock borrowing, and lending.

Currently, 18 of 23 primary dealers in the U.S. market operates on Broadridge technology, with Broadridge processing over US$5t in equity and fixed income trades each day across its entire client portfolio.

Broadridge continues to invest in next-generation technologies like blockchain, cloud, and machine learning to bolster its global, multi-asset solutions and provide clients with the most innovative, industry-leading solutions.
 

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