FinClear utilises Broadridge to expand securities finance business
18 February 2022 UK
Image: Chan2545/stock.adobe.com
FinClear, an Australian-based wealth management infrastructure provider, has enlisted Broadridge to expand its securities finance business.
Broadridge’s Securities Finance and Collateral Management (SFCM) FastStart solution provides FinClear and its clients with enhanced functionalities in this area of the business.
SFCM is a front-to-back Software as a Service solution for securities finance, used across the buy and sell-side stock lending, repo, and collateral trading markets.
Clients can gain access to SFCM via the SFCM FastStart programme, which provides a securities finance foundation at a low price and with a minimal initial integration requirement.
The programme is designed for a phased expansion of integration and automation as business grows, according to Broadridge.
Darren Crowther, general manager of Broadridge’s SFCM, comments: “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.”
Andrea Marani, COO at FinClear, adds: “Securities finance is an important hedging, liquidity, and revenue enhancement tool for many FinClear clients. Broadridge SFCM allows us to offer additional functionalities and enhanced processes, delivering a greater experience for our customers.”
Broadridge’s Securities Finance and Collateral Management (SFCM) FastStart solution provides FinClear and its clients with enhanced functionalities in this area of the business.
SFCM is a front-to-back Software as a Service solution for securities finance, used across the buy and sell-side stock lending, repo, and collateral trading markets.
Clients can gain access to SFCM via the SFCM FastStart programme, which provides a securities finance foundation at a low price and with a minimal initial integration requirement.
The programme is designed for a phased expansion of integration and automation as business grows, according to Broadridge.
Darren Crowther, general manager of Broadridge’s SFCM, comments: “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.”
Andrea Marani, COO at FinClear, adds: “Securities finance is an important hedging, liquidity, and revenue enhancement tool for many FinClear clients. Broadridge SFCM allows us to offer additional functionalities and enhanced processes, delivering a greater experience for our customers.”
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