Budgeting, Planning & Forecasting

Budgeting, Planning & Forecasting

June 26, 2012

Broadridge Launches PROactive Broker to U.K., Ireland

Broadridge Financial’s retail and private client stockbroking and custody processing solution, PROactive Broker, is now available to customers in the U.K. and Ireland. PROactive Broker is developed on established Broadridge technology and offers a flexible and fully scalable solution supporting multiasset, multicurrency and multi-location operations through a wide array of advanced features and functionalities to delivering higher levels of client service.

PROactive Broker is offered to clients via three deployment options: full business-processing-as-a-service (BPaaS) model, outsourced as SaaS (News - Alert), or on-site implementation. PROactive Broker can be further integrated with a range of other Broadridge offerings in a solution package customized to address a firm's strategic business forces, including enhanced operational efficiency, improved client service and reduced costs.

The solution can be scaled up to meet the demands of very high transaction volumes, supporting client operations in the U.K., where assets processed include international and U.K. equities, debt, warrants, collective instruments (such as unit trusts), foreign exchange and tax efficient products (such as ISAs and SIPPs).

PROactive Broker’s enhanced Web architecture helps companies streamline the front- to back-office processing and is currently being rolled out at a major London-based firm. With the new capability, Broadridge’s clients can view detailed information, such as valuations and transactions, at any time, in a user-friendly and accessible format.

This architecture enhances a broker's e-business strategy by supporting the deployment of both new and existing branded Web offerings.

"The PROactive portfolio contains innovative solutions that are proven to deliver significant process efficiencies, and with PROactive Broker in the mix and offered with the flexibility of bundled packages, we can provide considerable operational savings to our retail and private client broker customers and prospects,” said Robin Kneale, head of Strategy and Product Management, Securities Processing Solutions International, Broadridge. “Whether selected on an outsourcing model through our global centers of excellence, or on a SaaS basis via our highly secure, industry-accredited data centers, or implemented out-of-the-box on-site, PROactive Broker allows firms the freedom to focus on their core businesses."

In other company news, TMCnet reported that Broadridge acquired Paladyne Systems for approximately $76.5 million in consideration subject to various adjustments.

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Edited by Braden Becker

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