Broadridge and Xceptor Partner to Transform Global Tax Reclaims and Asset Servicing Operations

Rhea-AI Summary

Broadridge (NYSE: BR) on Nov 19, 2025 announced a strategic partnership with Xceptor to integrate Xceptor Tax into Broadridge's Global Tax & Client Reporting Solution. The combined platform automates the full lifecycle of multi-jurisdictional tax relief-at-source, tax reclaims and digital regulatory filing to reduce manual processing and enhance compliance across global markets.

The unified offering connects data, documentation, and decision-making to enable automated RAS identification, centralized documentation, regulatory updates, and easier integration with existing systems.

Insights

Asset servicing strategist

Broadridge and Xceptor form an integrated platform to automate global tax reclaims and asset servicing workflows, reducing manual processing and operational risk.

Broadridge combines its existing Global Tax & Client Reporting Solution with Xceptor Tax to deliver an end-to-end workflow for Relief at Source and tax reclaims across jurisdictions. This integration links data, documents, and decision logic to remove manual handoffs and create automated data flows and centralized documentation, which should shorten processing times and reduce error-prone touchpoints.

Key dependencies include successful technical integration, out-of-the-box connectors to client systems, and timely regulatory mappings for markets cited such as MiKaDiV and EU FASTER. Implementation complexity across custodians and local tax regimes may slow adoption; clients will watch early deployment case studies and integration timelines post-Nov. 19, 2025. Expect the clearest benefits within the first 6–18 months after rollout as operational workflows migrate from manual to automated processing.

Tax and regulatory specialist

The partnership targets regulatory and compliance pain points by automating eligibility checks, filings, and reclaim lifecycle to improve accuracy and traceability.

The combined solution promises automated identification of RAS and reclaim opportunities, regulatory updates, and centralized oversight of tax documentation, which addresses common weaknesses in multi-jurisdictional tax operations: dispersed data, versioning issues, and manual eligibility assessments. By codifying rules and centralizing filings, the platform should strengthen compliance controls and auditability.

Risks include the need for continuous regulatory maintenance and the accuracy of jurisdictional rule engines; clients will need proof of regulatory mapping completeness and change-management processes. Concrete near-term milestones to monitor are integration availability with major custodians, published regulatory coverage breadth, and initial client pilot results within 6–12 months from Nov. 19, 2025.

New integrated solution automates withholding tax relief and reclaims processes, minimizing risk and enhancing compliance across global markets within Asset Servicing

NEW YORK and LONDON, Nov. 19, 2025 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, today announced a strategic partnership with Xceptor, a global leader in data automation for financial institutions, to offer a unified digital platform automating the global tax relief and tax reclaim lifecycle. With this partnership, Xceptor Tax will be integrated with Broadridge's Global Tax & Client Reporting Solution to create an end-to-end solution for multi-jurisdictional tax relief-at-source, tax reclaims, and digital regulatory filing.

"We are excited to partner with Xceptor as part of our broader strategic initiative to deliver a truly global, integrated asset servicing solution, including tax reclaims. Financial institutions face increasing complexity across tax operations amid intensifying regulatory requirements, market change, and surging transaction volumes," said Tom Burke, President of Global Asset Servicing, Broadridge Financial Solutions. "By combining Broadridge's market leading asset servicing infrastructure with Xceptor's next generation intelligent tax automation, we are enabling our clients to move beyond manual, fragmented processes – improving accuracy, speed, and compliance across markets."

Broadridge and Xceptor are creating a unified offering that connects data, documentation, and decision-making across the global tax and asset servicing lifecycle. Built on Broadridge's powerful, integrated platform technology and Xceptor's highly configurable and enterprise-grade platform, the combined solution enables ease of connection and out-of-the-box integration with existing systems. Through automated data flows, centralized documentation, and regulatory updates, clients can automatically identify Relief at Source (RAS) and Tax Reclaim opportunities, monitor eligibility, and seamlessly manage tax documentation. These new features will help firms achieve faster reclaim processing, reduce operational risk and costs, and maintain compliance across complex, multi-market tax processes, and evolving global regulatory regimes.

"By combining our tax offering with Broadridge's solution, we are delivering best-of-breed  product functionality, intelligent data automation, and deep domain experience for clients navigating complex tax environments," said Michiel Verhoeven, CEO of Xceptor. "Together, we're driving meaningful change across the industry, helping firms achieve the control, visibility, and scalability they need to transform tax operations and efficiency globally."

This new solution supports Broadridge's goal of offering the most comprehensive end-to-end asset servicing platform in the market and addresses the industry's need for a single, digitized, scalable, and compliant tax automation framework. Together, Broadridge and Xceptor are empowering financial institutions to transform their global tax operations – driving greater compliance efficiency, improving client outcomes, and future-proofing operations against market and regulatory change such as MiKaDiV and EU FASTER.

About Broadridge

Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping 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 annually and underpin the daily average trading of over $15 trillion in equities, fixed income, and other securities globally. A certified Great Place to Work^®, Broadridge is part of the S&P 500^® Index, employing over 15,000 associates in 21 countries.

For more information about us, please visit www.broadridge.com.

About Xceptor

Xceptor is a global leader in data automation for financial institutions, specialising in capital markets. Trusted by over 125 clients and 11,500 users across 60 countries, it empowers business users to take control of their data and streamline processes with AI, while minimising risk.

Xceptor's Data Automation Platform helps financial institutions unlock efficiency across the full trade lifecycle by automating data ingestion, standardisation, normalisation, and validation. Powered by auditable AI, business users can ensure trusted data and build automated processes – reducing errors, time, and cost, while minimising reliance on technical teams.

The highly configurable and enterprise-grade platform also underpins Xceptor's purpose-built solutions, including Xceptor Tax, Xceptor Reconciliations, and Xceptor Post-Trade Operations, designed to streamline workflows and regulatory compliance within core trading functions. 

For more information, visit www.xceptor.com.

Media Contact:
Caroline Wolf
Prosek Partners 
cwolf@prosek.com

 

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SOURCE Broadridge Financial Solutions, Inc.

FAQ

What did Broadridge (BR) announce on Nov 19, 2025 about tax automation?

Broadridge announced a partnership with Xceptor to integrate Xceptor Tax into its Global Tax & Client Reporting Solution to automate tax relief and reclaim workflows.

How will the Broadridge and Xceptor integration affect tax reclaim processing for BR clients?

The integrated platform aims to automate data flows and documentation so clients can identify RAS and reclaim opportunities and process reclaims faster with fewer manual steps.

Does the Broadridge (BR) and Xceptor solution support multi-jurisdictional regulatory filing?

Yes; the announcement says the combined solution supports multi-jurisdictional tax relief, tax reclaims, and digital regulatory filing with centralized regulatory updates.

What operational benefits did Broadridge claim for BR clients from the Xceptor partnership?

Broadridge said clients can expect improved accuracy, speed, compliance, reduced operational risk, and lower processing costs via automated tax workflows.

Will Broadridge (BR) and Xceptor's platform integrate with existing systems?

Yes; the joint offering is described as highly configurable with out-of-the-box integration and ease of connection to existing systems.

Which regulatory changes did Broadridge reference as drivers for the BR and Xceptor partnership?

The announcement referenced evolving global regulatory regimes including MiKaDiV and EU FASTER as part of the drivers for tax automation.