U.S.-based fintech Broadridge Financial Solutions (NYSE:BR) announced on Monday its integration with FundApps’ regulatory compliance technology with its buy-side portfolio and order management solution. Through the integration, Broadridge’s clients will reportedly benefit from a regulatory compliance solution that addresses managers’ needs across shareholder disclosures, monitoring, and position limit reporting.
While sharing more details about the integration, Eric Bernstein, Broadridge’s President of Asset Management Solutions, stated:
“Through our work with FundApps, we’re incorporating integrated, automated solutions that will remove operational challenges for our clients. The global regulatory landscape has become increasingly more complex over the past several years, and as firms expand into new geographies, managers need to prove their strict adherence to those regulatory requirements. This strategic partnership allows firms to spend less time on operational and compliance issues and more time on managing assets and outperforming the competition.”
Andrew White, CEO at FundApps, further commented:
“Regulation is not a unique problem for firms, so it only makes sense that they pool resources to invest in technology that automates it for them. Think of it as herd immunity – the more compliant each participant is, the less likely they are to spread risk through the community, achieving a level of protection that individual measures can’t reach on their own.”
Broadridge’s integration with FundApps comes less than a month after it has signed a definitive agreement to acquire Itiviti Holding AB, a provider of trading and connectivity technology to the capital markets industry, in an all-cash transaction valued at €2.143 billion (approximately $2.5 billion) from Nordic Capital.