FinClear selects Broadridge to grow securities finance business

To assist in optimising its securities finance offering, Australian wealth management infrastructure provider FinClear has selected Broadridge Financial Solutions, Inc. (NYSE:BR). Broadridge’s Securities Finance and Collateral Management (SFCM) FastStart solution provides FinClear and its clients with enhanced functionalities in this area of the business.

“We are pleased to add FinClear to our growing client base in APAC,” said Darren Crowther, General Manager of Broadridge’s SFCM. “In the ever changing landscape of securities finance, financial institutions need to react quickly in order to trade new products, access new streams of revenue, and service an ever expanding customer base. At its core, SFCM FastStart promotes simplification and streamlining of securities finance, allowing our clients to benefit from effortless integration and automation, with the ability to grow and scale while meeting increased market and regulatory requirements.”

Broadridge SFCM is a functionally complete front-to-back SaaS solution for securities finance, used widely across the global buy- and sell-side stock lending, repo, and collateral trading markets. Clients like FinClear can rapidly gain access to SFCM via the SFCM FastStart program, which provides a core securities finance foundation at a low price point and with a minimal initial integration footprint, ready for use, and for phased expansion of integration and automation as business grows.

FastStart has given firms the ability to improve their existing securities finance businesses or expand into new global markets and opportunities with a core foundation that can be scaled up and built upon as the business grows.

“Securities finance is an important hedging, liquidity, and revenue enhancement tool for many FinClear clients,” said Andrea Marani, COO at FinClear. “Broadridge SFCM allows us to offer additional functionalities and enhanced processes, delivering a greater experience for our customers.”

6 Replies to “FinClear selects Broadridge to grow securities finance business”

  1. I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

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