Fintech

Whitepaper From Broadridge Confirms New Fintech Delivery Model Is Transforming Financial Services Through Mutualized Services

According to a recent whitepaper published today by global Fintech pioneer Broadridge Financial Solutions, Inc., as the financial services industry faces the new challenges of a post-pandemic world, many companies are starting to turn toward mutualization frameworks for their technologies and operations (NYSE:BR). Mutualization is a process in which members achieve faster access to emerging technology, scalability, and resiliency by saving time, resources, and expense by sharing the advantages of an industry solution offered by a dependable, trustworthy, and neutral third party.

Broadridge's Chief Transformation Officer, Michael Tae, said "Implementation of a mutualized model allows firms to increase operational productivity, resiliency and efficiency that are the hallmarks of a modern, modular approach to service delivery." He also adds, “We developed this report after many conversations with clients who shared their interest in mutualization but felt uncertain about where to begin updating their technology functions. This whitepaper serves as both a useful guide to those interested in expansion and an informational tool to firms that are just beginning their technology journey."

The recent whitepaper acts as a road map for financial services companies interested in establishing a mutualized service delivery model.

The following are some of the paper's highlights:
• Mutualization is being driven by four forces: margin and cost constraints, regulatory reform, digitization, and infrastructure shocks.

• Long-term mutualization advantages include cost savings, regulatory enforcement, organisational efficiency, and scalability and creativity.

• The elements required to create a new mutualized service delivery model.
• The core questions that any executive in the financial services industry can consider when they embark on the road to mutualized service delivery.

About Broadridge
Broadridge Financial Solutions, a global Fintech leader with over $4.5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions to banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. In addition, Broadridge's technology and operations platforms underpin the daily trading of on average more than U.S. $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is a part of the S&P 500® Index, employing over 12,000 associates in 17 countries.

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