NEW
YORK, Sept. 16, 2024 /PRNewswire/ --
Expanding its network across the global repo market, Global Fintech
leader Broadridge Financial Solutions, Inc. (NYSE:BR),
today announced that a Tier-1 Canadian Bank has implemented its
Distributed Ledger Repo (DLR) platform for High-Quality Liquid
Asset (HQLA) treasury securities management. This collaboration
marks a significant milestone as the bank becomes the first to go
live with this groundbreaking HQLA use case through DLR, showcasing
the potential of Distributed Ledger Technology (DLT) in
transforming financial operations.
"As a trusted and transformative technology partner, we are
thrilled to see another Tier-1 institution recognize the value of
our DLR platform helping them operate, innovate and grow," said
Horacio Barakat, Head of Digital
Innovation at Broadridge. "This implementation not only simplifies
their workflow and generates cost savings but also lays the
foundation for further DLT use cases that can drive even greater
efficiencies and innovation in the financial sector."
As the industry continues to evolve, firms are increasingly
turning to digital strategies that incorporate DLT to unlock
significant operational and cost benefits. Broadridge remains at
the forefront of this transformation, helping clients navigate the
complexities of the digital era and achieve long-term operational
efficiencies.
The global expansion of the DLR platform across sell-side and
buy-side firms is generating a network effect, amplifying benefits
and supporting a wider variety of transaction types. Broadridge
continues to lead the way in utilizing distributed ledger
technology to reshape the global repo market with a monthly volume
reaching $1 trillion.
About Broadridge
Broadridge Financial Solutions (NYSE:
BR), is a global technology leader with the trusted expertise and
transformative technology to help clients and the financial
services industry operate, innovate, and grow. We power investing,
governance, and communications for our clients – driving
operational resiliency, elevating business performance, and
transforming investor experiences.
Our technology and operations platforms underpin the daily
trading of more than $10 trillion of
equities, fixed income and other securities globally. A certified
Great Place to Work®, Broadridge is part of the S&P 500® Index,
employing over 14,000 associates in 21 countries. For more
information about us, please visit www.broadridge.com.
Broadridge Contacts:
Investors:
Edings
Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg
Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.