Two financial software developers, Broadridge Financial Solutions and Doxim, have partnered and jointly developed a Smart Statement Solution for Canadian financial firms implementing the new Client Relationship Model 2 (CRM2) regulations, according to Broadridge statement. CRM2 rules mandate sweeping changes to account statements issued by Canadian banks, broker-dealers and asset management firms. Broadridge and Doxim’s… Read More >>
Broadridge Hires from Visa for CFO
Broadridge Financial Solutions, a provider of investor communications solutions for broker-dealers, banks, mutual funds and corporate issuers, has appointed James M. Young chief financial officer and corporate vice president, effective June 23, 2014. A technology and financial services processing veteran, Young held senior finance roles at credit card giant Visa Inc., which he joined in… Read More >>
Broadridge Gets Second Patent for Printing Technology
Broadridge Financial Solutions, a provider of proxy voting and other investor services, reports that the U.S. Patent and Trademark Office has issued a second patent for the company’s portfolio-specific printing technology. U.S. Patent No. 8,396,785 (the ‘785 patent) “expands Broadridge’s patent protection on personalized investor-information packages to be delivered to the investor, in either paper… Read More >>
IBOR Support Coming for CRD’s IMS as CME to Launch in Europe
Charles River Embraces IBOR; Gains Client in Luxembourg Charles River Development (CRD) is integrating support for investment book of record (IBOR) in version 9.2 of the its Investment Management Solution (IMS) flagship order management system, following completion of beta testing with global client partners, officials say. The company describes its IBOR support as a… Read More >>
Scivantage Partners with Broadridge as the Carlyle Group Joins Private Equity Data Alliance
Scivantage to Support Maxit Customers via Broadridge BPO Services Scivantage, a brokerage, tax and portfolio reporting applications vendor, is partnering with Broadridge Financial Solutions to provide Scivantage Maxit cost basis reporting customers with reconciliation via Broadridge’s business process outsourcing services, say officials from both companies. “There were multiple factors that brought our two companies together,”… Read More >>
Broadridge and Scivantage Tackle TARP III as SS&C Updates GoWire
Broadridge and Scivantage to Take on TARP III Broadridge Financial Solutions clients will gain access to the Maxit tax lot accounting system for cost-basis reporting from Scivantage, according to a strategic partnership targeting financial services firms that need help with so-called TARP III compliance, say officials from both companies. In April, the Internal Revenue Service… Read More >>
Broadridge Buys Bonaire
Broadridge Financial Solutions is acquiring Boston-based Bonaire Software Solutions, a revenue and expense management software vendor, for an undisclosed amount, according to officials from both companies.The acquisition of Bonaire’s fee calculation, billing, revenue and expense management solutions will expand Broadridge’s offerings in this area, say Broadridge officials. Bonaire offers: Revport, a multi-asset, revenue management platform… Read More >>
