Broadridge Acquires Securities-Based Lending Firm Rockall

Financial technology company Broadridge Financial Solutions announced on Wednesday that it has acquired Rockall. The company did not disclose the terms of the deal.

"We are excited to have our innovative SBL and collateral management technology solutions be a part of Broadridge's wealth management offerings, serving an even greater number of clients," said Richard Bryce, Rockall’s chief executive officer.

"Broadridge is a leader in the wealth management industry and its size and scale accelerates our ability to meet the increasing demand from advisors and investors."

Based in Dublin, Rockall provides collateral management and securities-based lending (SBL) to financial institutions. The firm says that its products help businesses to improve the performance of wealth, retail, commercial and corporate lending.

Currently, the firm’s most popular products are FASTNET, a wealth lending solution, and COLLATE - a piece of technology that strengthens firms’ credit Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and regulatory reporting abilities.

The technology company has seen some major successes. It claims to help financial institutions manage $3 billion in collateral every day.

On top of that, the firm provides services to ten of the thirty largest banks in the US.

SBL growing in popularity

Hinting at the reasons for the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term, Broadridge issued a statement noting that SBL is becoming increasingly popular amongst companies operating in the financial markets.

The technology giant also said that many of the existing technologies, which cater to the SBL market, are inefficient and not able to adequately meet the needs of the companies that they are serving.

"Securities-based lending and collateral management are key industry areas in need of innovation,” said Michael Alexander, head of North American wealth and capital markets solutions for Broadridge.

“We look forward to leveraging next-generation technology to provide proven solutions to clients while mutualizing key front-, middle- and back-office functions."