Broadridge Financial Solutions acquired the wealth management platform Kyndryl
Securities Industry Services (SIS) platform to boost its presence in the
Canadian financial services sector. According to the company, the acquisition aims to
expand Broadridge’s portfolio by enhancing its services for wealth
management and capital markets.
Expanding Broadridge Services in Canada
this acquisition promises to bring Broadridge’s
investment in product innovation and industry-specific solutions to the
Canadian wealth market, building a foundation for streamlined operations and
accelerated growth.
Broadridge’s purchase of Kyndryl SIS represents a
calculated move to serve a broader range of Canadian financial services. The
acquisition reportedly builds on the fintech firm’s intent to offer Canadian firms better
digital infrastructure that supports both simplification and forward-thinking
innovations.
“The acquisition further emphasizes Broadridge’s commitment
to providing leading solutions to the Canadian financial services market that
enable simplification and innovation and will enable Broadridge to bring
accelerated innovation and product investments to the Canadian wealth market,”
the company mentioned.
This addition aligns with Broadridge’s broader
commitment to meet industry needs and help clients navigate a rapidly changing
market landscape. Through this acquisition, Broadridge intends to
channel more resources into product development specifically suited to the
Canadian wealth management space. This will reportedly be done by enhancing the SIS
platform’s capabilities.
Recently, Broadridge announced support for new
over-the-counter derivatives reporting requirements in Singapore and Australia and preparation for new regulatory changes in Canada and
Hong Kong.
Enhancing Regulations
During the unveiling, Broadridge mentioned that its
reporting solution is set to meet the Monetary Authority of Singapore (MAS) and
Australian Securities and Investments Commission (ASIC) requirements.
Additionally, the fintech firm is preparing similar regulatory updates in
Canada and Hong Kong, scheduled for July and September 2025, respectively.
Meanwhile, Broadridge launched an instant payment
service to improve its real-time money transfer services. The new offering aims
to enhance resilience and continuous 24/7/365 operations. According to the official announcement, the service
processes payments within 10 seconds. It reportedly utilizes Swift Alliance
Gateway Instant, a platform integrated with SwiftNet Instant for instant
payments.
Specifically, the service enables businesses and
individuals to access instant transactions for various use cases, including
payroll processing and refunds. The system is designed to enhance operational
efficiency while improving customer satisfaction.
Broadridge Financial Solutions acquired the wealth management platform Kyndryl
Securities Industry Services (SIS) platform to boost its presence in the
Canadian financial services sector. According to the company, the acquisition aims to
expand Broadridge’s portfolio by enhancing its services for wealth
management and capital markets.
Expanding Broadridge Services in Canada
this acquisition promises to bring Broadridge’s
investment in product innovation and industry-specific solutions to the
Canadian wealth market, building a foundation for streamlined operations and
accelerated growth.
Broadridge’s purchase of Kyndryl SIS represents a
calculated move to serve a broader range of Canadian financial services. The
acquisition reportedly builds on the fintech firm’s intent to offer Canadian firms better
digital infrastructure that supports both simplification and forward-thinking
innovations.
“The acquisition further emphasizes Broadridge’s commitment
to providing leading solutions to the Canadian financial services market that
enable simplification and innovation and will enable Broadridge to bring
accelerated innovation and product investments to the Canadian wealth market,”
the company mentioned.
This addition aligns with Broadridge’s broader
commitment to meet industry needs and help clients navigate a rapidly changing
market landscape. Through this acquisition, Broadridge intends to
channel more resources into product development specifically suited to the
Canadian wealth management space. This will reportedly be done by enhancing the SIS
platform’s capabilities.
Recently, Broadridge announced support for new
over-the-counter derivatives reporting requirements in Singapore and Australia and preparation for new regulatory changes in Canada and
Hong Kong.
Enhancing Regulations
During the unveiling, Broadridge mentioned that its
reporting solution is set to meet the Monetary Authority of Singapore (MAS) and
Australian Securities and Investments Commission (ASIC) requirements.
Additionally, the fintech firm is preparing similar regulatory updates in
Canada and Hong Kong, scheduled for July and September 2025, respectively.
Meanwhile, Broadridge launched an instant payment
service to improve its real-time money transfer services. The new offering aims
to enhance resilience and continuous 24/7/365 operations. According to the official announcement, the service
processes payments within 10 seconds. It reportedly utilizes Swift Alliance
Gateway Instant, a platform integrated with SwiftNet Instant for instant
payments.
Specifically, the service enables businesses and
individuals to access instant transactions for various use cases, including
payroll processing and refunds. The system is designed to enhance operational
efficiency while improving customer satisfaction.
This post is originally published on FINANCEMAGNATES.
