Broadridge Financial Solutions, a 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 firm that focuses predominantly on securities processing and clearing, announced today that it acquired FundAssist Limited. FundAssist provides regulatory, marketing and sales solutions to the investments industry.

Patricia Rosch, head of Broadridge's international investor communication solutions business, stated: "FundAssist's broad and tightly related product offerings are well-positioned to continue to grow in a fragmented market, where asset managers are increasingly migrating from legacy in-house or third party systems and consolidating disparate point solutions with a single vendor."

Broadridge made the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term to extend the governance and communications side of its business. The company noted that its purchase of FundAssist would enable it to compose, manage and distribute digitized regulatory and disclosure documents for fund managers distributing in Europe.

Compliance specialists

FundAssist will be able to provide these services as it has already developed a set of technologies for fund management communications. The Dublin-based FinTech firm provides solutions for Key Information Documents (KIDs). EU law requires that all packaged retail and insurance-based investment products (PRIIPs) are accompanied with a KID.

Alongside its regulatory reporting capabilities, FundAssist’s technology enables fund managers to make financial disclosure statements and fact sheets. It also provides translation and document and data dissemination services.

Jim O’Reilly, FundAssist’s Managing Director, claimed that "becoming part of Broadridge will enable FundAssist to accelerate its market reach and enhance its client service experience by tapping into Broadridge's scale and relationships.”

He added that the firm was looking forward to aiding investment funds with their compliance frameworks and that FundAssist saw itself as a part of Broadridge’s global expansion strategy.