NEW
YORK, Nov. 7, 2024 /PRNewswire/ -- Global
Fintech leader Broadridge Financial Solutions,
Inc. (NYSE:BR), today announced that its Banking Book
Collateral Management Technology, COLLATE, has been recognized as a
category leader in the latest Credit Lending Operations 2024
Report from Chartis, a leading provider of research and
analysis on the global market for risk technology.
The report evaluates the leading products offered in corporate,
small and medium enterprise lending, syndicated lending and
private/non-bank credit. Broadridge is highlighted as the overall
leader for Completeness of Offering, within the Chartis
Quadrant for Collateral Management Systems, demonstrating the depth
and breadth of functionality of Broadridge's COLLATE solution.
"Managing complex collaterals is a critical challenge for most
financial institutions and calls for an integrated workflow with
such key business processes as exposure management, valuations,
finance and accounting and regulatory risk management. Broadridge's
category leader position in the quadrant reflects its core strength
in collateral management," said Anish
Shah, Research Director at Chartis. "Its deep expertise and
software capabilities enable financial institutions to manage
collaterals across various business lines and financial
products."
"The need for a dedicated, enterprise approach to collateral
management through the loan lifecycle has never been more
critical," said Jo Ní Choisdealbha, General Manager of Broadridge's
Credit and Lending Solutions Business. "Regulations are changing
and the burden of producing accurate and comprehensive views of
credit risk in the book and across the business has become
increasingly onerous. Against this backdrop, we are thrilled to be
recognized for our COLLATE technology that modernizes processes,
and enables our clients to respond quickly to regulatory change and
to report accurately across the book."
Broadridge currently enables the management of more than
$3 trillion worth of collateral daily
for commercial and wealth lending. COLLATE, one of Broadridge's key
lending offerings, is an integrated platform used by top tier
commercial and retail lenders around the world to manage all
collateral through the life of the loan. It consolidates collateral
across all asset classes and lines of business to help with
standardizing data, streamlining workflows, ensuring the health of
the loan book and guaranteeing accurate regulatory reporting.
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 process and generate
over 7 billion communications per year and underpin the daily
trading of more than $10 trillion of
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, please visit
www.broadridge.com.
Media Contact:
Matthew Luongo
Prosek Partners
+1 646-818-9279
mluongo@prosek.com
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SOURCE Broadridge Financial Solutions, Inc.