Broadridge Financial, AccessFintech to assist with settlement failures

Wednesday 24 March 2021 14:09 CET | News

Broadridge Financial Solutions has partnered with AccessFintech to deliver a strategic gateway for settlement workflow that should resolve multi-party settlement fails. 

The solution is powered by Broadridge’s platforms and data and incorporates AccessFintech’s cloud-based operations workflow model.

In the current market environment, the process of resolving settlement failures is manual, involving offline channels such as email, phone calls, and chats between counterparties. This leads to operational risk, a challenging user experience, and regulatory non-compliance under the Central Securities Depository Regulation (CSDR) requirements expected by February 2022.  

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Keywords: partnership, data , cloud, regulation, product launch, settlement, payment processing
Categories: Banking & Fintech | Payments General
Countries: World
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Banking & Fintech

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