SBI Securities, Broadridge centralize settlements
Japanese securities firm automates, outsources whole post-trade processing value chain
20 Oct 2021 | The Asset

Japanese online securities company SBI Securities is migrating the post-trade operations of its Hong Kong and Singapore businesses to fintech Broadridge Financial Solution’s cloud-based ASP service in Asia and is adding new services to automate confirmation and statement output to clients.

In addition, SBI Securities will be leveraging Broadridge’s SWIFT Service Bureau to automate SWIFT messaging workflows globally directly with its custodian, enabling them to outsource the whole post-trade processing value chain to Broadridge.

“Broadridge’s global, multi-asset capabilities, together with local presence and expertise in the unique and complex requirements of Japan and Asian markets has been a winning combination for us in support of our business growth plans,” says Ichiro Takahashi, head of global operations at SBI Securities.

Ian Strudwick, Broadridge’s managing director, head of Asia-Pacific, adds: “Our ASP [application service provider] solution enables SBI Securities to centralize their settlement operations, accelerates their move to the cloud, and will ensure they always have access to the latest versions of our technologies and increased automation to better serve their clients in the region.

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