NYSE-listed global Fintech player Broadridge Financial Solutions, Inc. has finalized its acquisition of Kyndryl’s Securities Industry Services (SIS) platform, a move aimed at strengthening its position in the Canadian financial services market.
The SIS platform, known for providing wealth management and capital markets software solutions, will enhance Broadridge’s offerings to Canadian financial firms, aligning with its strategy to drive innovation and streamline operations within the sector, according to the announcement.
This acquisition underscores Broadridge’s commitment to the Canadian market, where it seeks to deliver advanced technology solutions that foster simplification and innovation.
By integrating the SIS platform, Broadridge plans to accelerate product investments and innovation, particularly within Canada’s wealth management industry.
This move is expected to bolster Broadridge’s capabilities in delivering comprehensive, cutting-edge solutions to its Canadian clients, further solidifying its role as a key technology provider in the financial services landscape.
Broadridge, known for its robust technology infrastructure, plays a pivotal role in the global financial services industry by facilitating operations, governance, and communications.
The company’s platforms are integral to the daily trading of over $10 trillion in securities worldwide and manage the processing of more than 7 billion communications annually.
This acquisition is part of Broadridge’s broader strategy to expand its global footprint and enhance its service offerings, ensuring that it remains at the forefront of fintech innovation.
With a presence in 21 countries and a workforce of over 14,000, Broadridge continues to invest in technologies that drive operational resilience and improve investor experiences.
Per the announcement, the completion of this acquisition is expected to provide Broadridge with new avenues for growth and service enhancement, reinforcing its commitment to delivering high-quality solutions that meet the evolving needs of the Canadian financial services market.
