Broadridge Signs Multi-Year Contract Extension with IGM Financial
- IG Wealth Management will leverage R.Broker's solution from the Broadridge Wealth Platform.
- The current five-year partnership extends via a new multi-year contract.
Broadridge Financial Solutions (NYSE:BR), a US-headquartered fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term company, has extended its partnership with IGM Financial, allowing further use of Broadridge's R.Broker solution.
IGM Financial and Broadridge Expand Partnership
IG Wealth Management (IG), a part of IGM Financial's family of companies based in Canada, is actively using the tools offered by the Broadridge Wealth Platform and, with the contract extension, will be able to expand its deployment in the coming years.
"Building on a successful five-year partnership, Broadridge is thrilled to expand our relationship with a company that shares our commitment to digital transformation," Karin Yorfido, the General Manager of Global Technology and Operations Canada at Broadridge, said.
Broadridge Wealth Platform is a scalable tool offering access to Broadridge's R.Broker solution, which guarantees end-to-end services for MDFA and IIROC advisors in a single platform. It enables the optimization of productivity and digitization of enterprise operations.
IG will expand the implementation of Broadridge's tools, including STP processing for currencies, regulations, jurisdictions and dealers, as part of the extended cooperation agreement.
"This extended partnership furthers IG's ongoing digital transformation as we advance our technology infrastructure to best serve the financial needs of Canadians and engage with industry-leading organizations to provide best-in-class technology solutions for our clients," Mike Dibden, the Chief Operating Officer at IGM Financial, commented.
Watch this recent FMLS22 session on back-office technology usage in the fintech business.
Active Months for Broadridge
The extended contract with IG is just one of the collaborations the company has opted for since last December. A week ago, LiquidX, a major financial technology platform for trade finance, presented InBlock TradeOps for business process outsourcing services, the tool developed in partnership with Broadridge. The two companies have been cooperating directly since 2016 when they entered into a strategic investment alliance.
A few days earlier, the US-headquartered fintech company leveraged the capabilities of Glue42's desktop integration platform by offering a better user experience to its customers. Glue42 is a software provider allowing users to configure and use multi-app workflows and incorporate data.
Broadridge announced another partnership in December 2022, cooperating with the US banking network IntraFi to extend its securities-based lending product to new markets. Under the new partnership, IntraFi is expected to offer Broadridge's lending technology, already used by top global banks.
In September, the company partnered with Coinbase, one of the world's largest cryptocurrency exchanges. The partnership offers interoperability between Coinbase Prime and Broadridge Trading and Connectivity Solutions' NYFIX order-routing network. Additionally, it provides greater access to digital assets trading and provides market participants with improved liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.
Broadridge Financial Solutions (NYSE:BR), a US-headquartered fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term company, has extended its partnership with IGM Financial, allowing further use of Broadridge's R.Broker solution.
IGM Financial and Broadridge Expand Partnership
IG Wealth Management (IG), a part of IGM Financial's family of companies based in Canada, is actively using the tools offered by the Broadridge Wealth Platform and, with the contract extension, will be able to expand its deployment in the coming years.
"Building on a successful five-year partnership, Broadridge is thrilled to expand our relationship with a company that shares our commitment to digital transformation," Karin Yorfido, the General Manager of Global Technology and Operations Canada at Broadridge, said.
Broadridge Wealth Platform is a scalable tool offering access to Broadridge's R.Broker solution, which guarantees end-to-end services for MDFA and IIROC advisors in a single platform. It enables the optimization of productivity and digitization of enterprise operations.
IG will expand the implementation of Broadridge's tools, including STP processing for currencies, regulations, jurisdictions and dealers, as part of the extended cooperation agreement.
"This extended partnership furthers IG's ongoing digital transformation as we advance our technology infrastructure to best serve the financial needs of Canadians and engage with industry-leading organizations to provide best-in-class technology solutions for our clients," Mike Dibden, the Chief Operating Officer at IGM Financial, commented.
Watch this recent FMLS22 session on back-office technology usage in the fintech business.
Active Months for Broadridge
The extended contract with IG is just one of the collaborations the company has opted for since last December. A week ago, LiquidX, a major financial technology platform for trade finance, presented InBlock TradeOps for business process outsourcing services, the tool developed in partnership with Broadridge. The two companies have been cooperating directly since 2016 when they entered into a strategic investment alliance.
A few days earlier, the US-headquartered fintech company leveraged the capabilities of Glue42's desktop integration platform by offering a better user experience to its customers. Glue42 is a software provider allowing users to configure and use multi-app workflows and incorporate data.
Broadridge announced another partnership in December 2022, cooperating with the US banking network IntraFi to extend its securities-based lending product to new markets. Under the new partnership, IntraFi is expected to offer Broadridge's lending technology, already used by top global banks.
In September, the company partnered with Coinbase, one of the world's largest cryptocurrency exchanges. The partnership offers interoperability between Coinbase Prime and Broadridge Trading and Connectivity Solutions' NYFIX order-routing network. Additionally, it provides greater access to digital assets trading and provides market participants with improved liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.