Broadridge Financial Solutions (NYSE:BR), a US-headquartered fintech company, has extended its partnership with IGM Financial, allowing further use of Broadridge's R.Broker solution.

IGM Financial and Broadridge Expand Partnership

IG Wealth Management (IG), a part of IGM Financial's family of companies based in Canada, is actively using the tools offered by the Broadridge Wealth Platform and, with the contract extension, will be able to expand its deployment in the coming years.

"Building on a successful five-year partnership, Broadridge is thrilled to expand our relationship with a company that shares our commitment to digital transformation," Karin Yorfido, the General Manager of Global Technology and Operations Canada at Broadridge, said.

Broadridge Wealth Platform is a scalable tool offering access to Broadridge's R.Broker solution, which guarantees end-to-end services for MDFA and IIROC advisors in a single platform. It enables the optimization of productivity and digitization of enterprise operations.

IG will expand the implementation of Broadridge's tools, including STP processing for currencies, regulations, jurisdictions and dealers, as part of the extended cooperation agreement.

"This extended partnership furthers IG's ongoing digital transformation as we advance our technology infrastructure to best serve the financial needs of Canadians and engage with industry-leading organizations to provide best-in-class technology solutions for our clients," Mike Dibden, the Chief Operating Officer at IGM Financial, commented.

Watch this recent FMLS22 session on back-office technology usage in the fintech business.

Active Months for Broadridge

The extended contract with IG is just one of the collaborations the company has opted for since last December. A week ago, LiquidX, a major financial technology platform for trade finance, presented InBlock TradeOps for business process outsourcing services, the tool developed in partnership with Broadridge. The two companies have been cooperating directly since 2016 when they entered into a strategic investment alliance.

A few days earlier, the US-headquartered fintech company leveraged the capabilities of Glue42's desktop integration platform by offering a better user experience to its customers. Glue42 is a software provider allowing users to configure and use multi-app workflows and incorporate data.

Broadridge announced another partnership in December 2022, cooperating with the US banking network IntraFi to extend its securities-based lending product to new markets. Under the new partnership, IntraFi is expected to offer Broadridge's lending technology, already used by top global banks.

In September, the company partnered with Coinbase, one of the world's largest cryptocurrency exchanges. The partnership offers interoperability between Coinbase Prime and Broadridge Trading and Connectivity Solutions' NYFIX order-routing network. Additionally, it provides greater access to digital assets trading and provides market participants with improved liquidity .