Securities Financing Technology News | Broadridge integrates the regtech solution from FundApps


Broadridge Financial Solutions has integrated FundApps regulatory compliance technology into its purchasing portfolio and order management solution to enhance the platform with automated compliance monitoring and reporting tools.

The portfolio and order management solution provides global hedge fund and asset management clients with an integrated approach to real-time trade modeling and execution and portfolio monitoring, while supporting companies to ensure their compliance and operations are up to date, says Broadridge.

Now they will benefit from FundApps’ compliance as a service solution that automates compliance monitoring and reporting, adds Broadridge.

The combined capabilities promise to provide clients with the ability to take advantage of a fully automated interface that will support the daily update of client holdings in the FundApps system and maintain a comprehensive and up-to-date global business database. and regulatory rules.

According to partners, the combined offering means clients will benefit from a single regulatory compliance solution that meets managers’ needs for shareholder disclosure, sensitive industry oversight and position limit reporting, eliminating the operational challenges in their search for alpha.

The enhanced platform also aims to provide solutions for customers looking to avoid fines and reputational damage, reduce reporting time, retire legacy software, and prove compliance with regulatory requirements.

Eric Bernstein, President of Broadridge Asset Management Solutions, said, “Through our work with FundApps, we are integrating integrated and automated solutions that will eliminate operational challenges for our clients.

“The global regulatory landscape has become increasingly complex in recent years, and as companies expand into new geographies, managers must prove their strict compliance with these regulatory requirements,” he adds. . “This strategic partnership allows companies to spend less time on operational and compliance issues and more time managing assets and outperforming the competition.

Ben Battye, COO at BennBridge, a multi-store investment firm and client of both companies, says the solution allows the company to “automate many facets of our substantial shareholder disclosure process.” which “allows us to focus our time on other critical parts of the business”.

Andrew White, CEO of FundApps, adds, “Regulation isn’t a one-size-fits-all issue for companies, so it makes sense that they pool their resources to invest in technology that automates it for them. Think of it as collective immunity – the more compliant each participant is, i.e. the less likely they are to spread the risk in the community, reaching a level of protection that individual measures cannot achieve by them – same.


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