U.S.-based fintech Broadridge Financial Solutions announced on Tuesday it has joined forces with IBM Service to bring a new cloud-based solution to its clients in the financial services industry. The company reported that as part of this strategic partnership, it will create The Broadridge Private Cloud, which will be powered by IBM and will transition a significant portion of its global infrastructure to IBM. Broadridge further revealed:
“Accelerating its shift to a hybrid cloud model will enable Broadridge to further deliver next-generation SaaS solutions to its clients through industry leading technology infrastructure. Today’s announcement marks Broadridge’s move of its mission-critical workloads to the cloud with IBM, to help further transform the financial services industry. Leveraging IBM’s open source capabilities allows infrastructure flexibility and will provide Broadridge new opportunities to invest in its application portfolio, adding new capabilities to its market-leading solutions.”
Speaking about the collaboration, Mark Schlesinger, Broadridge’s CIO, stated:
“The Broadridge Private Cloud powered by IBM, will increase our ability to more rapidly deliver next-gen and mission-critical solutions to our clients around the world. Accelerating our cloud strategy will enable clients to leverage an industry-leading, highly flexible and resilient technology platform and allow Broadridge to accelerate our product roadmap, providing our clients with faster access to new industry solutions incorporating the ABCDs of Innovation (AI, Blockchain, Cloud, Digital).”
Rodrigo Kede Lima, General Manager of IBM Global Technology Services, concluded:
“We look forward to bringing the power of IBM’s hybrid cloud capabilities and financial services industry experience to Broadridge’s mission-critical infrastructure that powers the global financial markets. The Broadridge Private Cloud, along with the world’s first financial services-ready public cloud, recently launched by IBM, showcases how IBM is working with key clients all over the world to address critical requirements of financial services institutions with regulatory compliance, security and resiliency.”
