Digital Asset Holdings, LLC, a New York City-based developer of distributed-ledger technology for the financial services industry, reports that it has “raised more than $50 million in funding” from several prominent financial industry players. The company’s new investors are: ABN AMRO, Accenture, ASX Ltd., BNP Paribas, Broadridge Financial Solutions, Inc., Citi, CME Ventures, Deutsche Börse… Read More >>
Texas Hedge Fund to Use Broadridge Platform
Hedge Fund Signs Up for Broadridge’s Service The Austin, Texas-based Prophet Capital Asset Management, a $2.3 billion structured credit hedge fund, is using an integrated trading, portfolio management and operating platform from Broadridge Financial Solutions to support a single platform for trading, according to Broadridge. “An established structured credit fund like ours, with a two-decade… Read More >>
Tighter Budgets Make Trading Ops Utility Model More Attractive
Cost-cutting and the crush of regulatory compliance are making a utility model for processing and sharing the costs of trade operations, including core post-trade systems, more likely, according to a new study from by Broadridge Financial Solutions. The utility model, which would incorporate reference data, reconciliations, trade expense management, corporate actions, and tax and regulatory… Read More >>
Broadridge Acquires Business Unit from Thomson Reuters
Broadridge Financial Solutions has signed an agreement to acquire the Fiduciary Services and Competitive Intelligence unit from Thomson Reuters Lipper. Broadridge will integrate the Lipper capabilities within its mutual fund and retirement business, officials report. The Lipper business unit offers global market intelligence for fund industry flows by country and distribution channel, Broadridge officials say…. Read More >>
Broadridge’s Purchase of Direxxis Paves Way for Product Integration
Broadridge Financial Solutions has acquired Direxxis, a provider of cloud-based marketing solutions and services, in a bid to broaden its offerings for wealth and asset managers, and to provide integration with Direxxis’ marketing management and automation platform, officials say. Direxxis offers integrated enterprise marketing solutions to integrate people, processes and technologies, officials say. Direxxis’s sales… Read More >>
Survey: Regulatory Overhaul Boosts Role of COO
The status of chief operating officers (COOs) appears to be on the rise as financial services firms take on dramatically new business models driven by global regulatory and market structure changes, according to a survey, sponsored by Broadridge Financial Solutions and conducted by The Economist Intelligence Unit. Broadridge, which provides investor communication services, solutions and… Read More >>
SIBOS 2014: Broadridge, Fiserv and Fundtech Unveil Upgrades
Broadridge Financial Solutions and Fiserv have updated their reconciliation offerings while Fundtech has improved its user interface for its Global PAYplus service – all of which will be on display at the SIBOS 2014 Boston conference, put on by financial messaging and services cooperative SWIFT. The event gets underway at the Boston Convention & Exhibition… Read More >>
Wolters Kluwer Partners with Broadridge Tax Services
Wolters Kluwer Financial Services (WKFS) has partnered with Broadridge Tax Services to develop a comprehensive cost-basis tax reporting and investment compliance solution, according to a statement from Wolters Kluwer. The solution combines the capabilities of WKFS’s GainsKeeper CompleteDebt with Broadridge Tax Data Services to allow broker-dealers to meet tax reporting and reconciliation needs across all… Read More >>
A Compliance Speed Bump in an Era of ‘Social Selling’
LinkedIn, a social media site for business interactions, is hoping to take “social selling” to the next level via an upgrade of Sales Navigator to a software-as-a-service (SasS), enterprise-wide offering. Anticipating demand for Sales Navigator, social media compliance provider Hearsay Social is developing capabilities to help its financial services clients use the sales tool and… Read More >>
Broadridge Widens Buy-Side Data Access
Clients of Broadridge Financial Solutions, a provider of technology-driven solutions for financial firms and corporate issuers, now have the ability to view buy-side data everywhere — whether on a desktop, a tablet or a smartphone — the company reports. The new tool, a customizable web- and mobile-based dashboard called Report Manager, offers a consolidated reporting… Read More >>
