Broadridge Financial Solutions Collaborates with OpenFin

Broadridge Financial Solutions, a leading financial Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term, announced today that the company has partnered with OpenFin, the operating system for enterprise productivity.

According to the announcement, Broadridge will use the operating system of OpenFin for financial desktops. Through the new solution, Broadridge is planning to increase the productivity and efficiency of its trading and portfolio management solution for its asset management clients internationally.

The new digital workspace solution will enable asset managers to take advantage of componentized apps with highly configurable layouts and intuitive workflows. The solution will increase the productivity of traders and portfolio managers through the reduction of time required to navigate across multiple windows and screens.

Commenting on the latest collaboration, Eric Bernstein, President of Broadridge Asset Management, said: “In this ever-evolving digital environment, clients are increasingly looking for flexibility and the ability to adapt their workspaces to meet their unique needs. OpenFin's leading system, combined with our open architecture, will eliminate user friction and is another example of how we are setting the industry standard for flexible and adaptable next-gen investment operations."

Broadridge is one of the leading Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term firms with more than $4.5 billion in revenues. The company provides technology-driven solutions to various financial firms across the world including banks, brokers and asset management firms. In June 2021, German bank Bayerische Landesbank (BayernLB) announced the selection of Broadridge for regulatory trade and transaction reporting.

OpenFin

The New York-based operating system for enterprise productivity offers services, including workspace management and workflow automation. Investors of OpenFin include Barclays, HSBC, CME Ventures, JPMorgan and Standard Chartered. "We're excited to be a strategic partner with Broadridge, helping clients accelerate and adapt to advanced digital workspace solutions. Providing an adaptable interface customizable to user preferences will help Broadridge's clients boost productivity and simplify the investment management process,” Mazy Dar, CEO of OpenFin, mentioned in the official press release.

In May 2021, Broadridge completed the acquisition of the trading and connectivity technology provider, Itiviti.