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Broadridge Financial Solutions (BR) Stock News, Sep-Oct 2020

BR NYSE

Broadridge Financial Solutions reports developments across financial technology, investor communications, governance services, and capital markets operations. Company news commonly covers proxy voting and disclosure solutions, managed services, trading and post-trade technology, financial messaging, and platforms used by banks, broker-dealers, asset managers, wealth managers, and corporate issuers.

Recurring updates also include artificial intelligence in capital markets and wealth workflows, digital asset and tokenized securities infrastructure, LTX corporate bond trading activity, Distributed Ledger Repo, client migrations to the Broadridge Swift Service Bureau, acquisitions that expand trading capabilities, investor events, dividends, and debt financing actions.

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Broadridge Financial Solutions (NYSE: BR) has launched a new platform for Securities-Based Lending (SBL), leveraging cloud technology for enhanced efficiency. The Broadridge SBL platform integrates Rockall's credit risk technology with new loan origination features, aimed at improving the lending process for advisors and clients. Key benefits include same-day funding and streamlined self-service loan management. This digital offering enhances connectivity across the SBL ecosystem and supports robust risk management.

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Broadridge Financial Solutions, Inc. (NYSE: BR) will release its financial results for the first quarter ended September 30, 2020, on October 30, 2020. A conference call will be held at 8:30 a.m. ET to discuss these results, featuring CEO Tim Gokey and Interim CFO Matt Connor. Broadridge, a global leader in fintech with a valuation of $4 billion, supports over 50% of public companies in proxy voting and processes more than $8 trillion in securities trades daily. Investors can access the webcast through the company's Investor Relations site.

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Broadridge Financial Solutions (NYSE: BR) announced that Britannia Global Markets has chosen its services to enhance post-trade processing for its international securities operations, including cash equities and fixed income. This SaaS-based solution aims to improve operational efficiency and strengthen client service while addressing regulatory challenges. Ian Johnson, CEO of Britannia, expressed confidence in Broadridge's capabilities in supporting their growth. Broadridge processes over $8 trillion in trades daily and serves as a pivotal technology provider in the financial sector.

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Broadridge Financial Solutions (NYSE: BR) announced the appointment of Vijay Mayadas as President of Capital Markets. This newly created role aims to enhance Broadridge's trading and post-trade capital markets SaaS solutions within the Global Technology and Operations (GTO) sector. Mayadas, who joined Broadridge in 2013, previously led the Fixed Income and Analytics business unit and holds advanced degrees in Physics and an MBA. Broadridge, a $4 billion Fintech leader, processes over $8 trillion in securities trades daily and supports proxy voting for more than 50% of public companies globally.

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Broadridge Financial Solutions (NYSE: BR) has partnered with 7 Chord to integrate BondDroid, an AI-driven predictive pricing solution, into its LTX corporate bond trading platform. This collaboration aims to enhance pre-trade price transparency and liquidity for dealers and institutional investors. The BondDroid AI provides independent assessments of market values while seamlessly integrating into LTX’s pre-trade analytics. Broadridge's LTX platform utilizes AI to optimize liquidity and efficiency in corporate bond trading, and is gaining traction among leading financial institutions.

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Broadridge Financial Solutions (NYSE: BR) has partnered with PPI AG to launch a Payments-as-a-Service initiative aimed at addressing challenges in payment processing for banks and financial institutions in Europe. The initiative responds to market demands such as PSD2 and SEPA migrations and aims to reduce banks' operational burdens while improving service quality. The solution has already secured its first customer, a commercial bank in Europe, and offers various services including core payments processing and transaction monitoring.

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Broadridge Financial Solutions (NYSE: BR) will feature Edings Thibault, SVP of Finance and Investor Relations, at the virtual Morningstar Management Behind the Moat Conference on September 29, 2020, at 3:00 PM EST. Investors can access the live webcast through the Company's Investor Relations page at www.broadridge-ir.com. Broadridge, a $4 billion global Fintech leader, provides investor communications and technology solutions to financial institutions, processing over $8 trillion in trades daily.

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FAQ

What is the current stock price of Broadridge Financial Solutions (BR)?

Broadridge Financial Solutions (BR) last closed at $175.11.

What is the market cap of Broadridge Financial Solutions (BR)?

The market cap of Broadridge Financial Solutions (BR) is approximately $19.8B.