Broadridge Financial News

The future of the investment and financial advisory services is going to include artificial intelligence, of that we can be certain. But how is the use of AI going to shape the regulatory landscape?

Contrary to popular belief, the market for self-directed investing isn’t all about the young and not-yet-rich, according to a new study from Broadridge.

The DLR platform taps distributed ledger technology to offer Broadridge clients intra-day, overnight and term repo capabilities.The partnership will be the first time that JPM Coin - developed by JP Morgan's blockchain unit Onyx - will provide settlement capabilities to an external digital platform. JPM Coin will be available by June.JP Morgan argues that, given the lack of “cash-on-chain” solutions in the industry today, it could act as a framework for other cash settlement solutions for other digital platforms.

Mumbai: Starting an India business is one of the company's top priorities, and it is carefully studying the market to devise a smart entry strategy for offering its capital markets and wealth management solutions to Indian players, said Tim Gokey, chief executive officer of Broadridge, a global fintech leader processing about $10 trillion in daily fixed income and equity trade volumes. Currently, a third of the company's total global workforce of 15,000 is based in capability centres in Bengaluru and Hyderabad. Broadridge doesn't have an India business yet but only operates the two capability centres. Gokey said while the India capability centres may have initially functioned as cost units, they have since evolved into a major hub of intellectual capital for the company.

If the Terminator movies were right about one thing, it’s that the machines – and humans’ trust in them – are indeed rising.

As the pressure for financial service companies to increase their digital capabilities continues to rise, leaders are pulling further ahead of the pack on multiple fronts, according to new research from Broadridge.

Most financial advisors base investment decisions on home office models, with new data showing that the profession continues to move more toward planning and customer service.

Canton Network participants include 3Homes, ASX, BNP Paribas, Broadridge, Capgemini, Cboe Global Markets, Cumberland, Deloitte, Deutsche Börse Group, Digital Asset, The Digital Dollar Project, DRW, Eleox, EquiLend, FinClear, Gambyl, Goldman Sachs, IntellectEU, Liberty City Ventures, Microsoft, Moody’s, Paxos, Right Pedal LendOS, S&P Global, SBI Digital Asset Holdings, Umbrage, Versana, VERT Capital, Xpansiv, and Zinnia.The Network will provide a decentralized infrastructure that connects independent applications built with Daml, Digital Asset’s smart-contract language. Using the Network, financial institutions will be able to enjoy a reconciliation-free environment where assets, data, and cash can synchronize freely across applications.For example, asset registers and cash payment systems are distinct and siloed systems in today's markets.

IMPT is a brand new green project that hopes too capitalise on the trend of ESG investing by furthering their climate goals and incentivising individuals to reduce their carbon emissions by shopping responsibly. 

Fund managers may see their ESG assets expand to $30tn over the next eight years.