Broadridge Financial Solutions (NYSE:BR), a large publicly traded company fintech
fintech
Financial technology (fintech) is defined as any technology geared towards automating and improving the delivery and application of financial services. The origin of the term fintech dates back to the 1990s, where it was mainly used as a back-end system technology for renowned financial institutions. However, it has since expanded outside of the corporate sector with a greater emphasis on consumer services.
Financial technology (fintech) is defined as any technology geared towards automating and improving the delivery and application of financial services. The origin of the term fintech dates back to the 1990s, where it was mainly used as a back-end system technology for renowned financial institutions. However, it has since expanded outside of the corporate sector with a greater emphasis on consumer services.
Read this term company, has partnered with Apex Silver, a subsidiary of Apex Fintech Solutions, to provide a comprehensive cost basis processing and tax information reporting solution for the financial services industry.
This collaboration aims to provide wealth managers with a more tightly integrated offering to improve clients’ tax experience while reducing ownership costs. The partnership introduces a common management model and data source, providing greater flexibility and scalability while making integrations seamless.
According to Thomas Burke, President of Broadridge Tax Services, “The collaboration provides a comprehensive reporting solution for processing complex transactions that addresses both cost basis and tax treatment.”
Broadridge’s collaboration with Apex Silver aims to offer a comprehensive, one-stop-shop reporting solution that supports compliance with changing tax regulations and emerging asset classes such as cryptocurrency. The aim is to provide clients with a reporting solution that is easily scalable in response to increasing transaction volumes, allowing wealth managers to stay one step ahead.
“Apex Silver offers state-of-the-art cost-based reporting solutions focused on delivering industry-leading operational efficiencies and superior customer experiences. “API supports tens of millions of investment accounts and multiple Tier 1 financial institutions, including several companies that are also Broadridge tax reporting clients. We look forward to working together on this exciting initiative. commented Blake Henry, CEO of Apex Silver.
Thanks to this collaboration between two leading fintech providers, financial institutions such as banks, brokers and custodians can now partner with a single provider to access integrated tax information and cost-based reporting solutions. .
Apex Silver, formerly known as Silver Management Group of Companies, is a provider of SaaS business and technology solutions for the investment services industry.
Broadridge Announces New Partnerships, Hiring and Higher Revenues
A month ago, Broadridge released its financial statements for the second quarter of fiscal 2023, reporting a 3% annual increase in total revenue to around $1.3 billion. Additionally, recurring revenue increased 6% to $840 million.
Operating profit rose 57% to $108 million as margin also improved to 8.3% from 5.5%. The company’s adjusted operating profit increased from $141 million to $173 million, an increase of 23%.
Meanwhile, Broadridge signed two new partnership agreements with CQG in March and Point Focal in February. CQG and Broadridge will integrate their Order Management System (OMS) and Execution Management System (EMS), while Point Focal will enable the company to offer its clients advanced quantitative information and alternative portfolio based on the data analytic
Analytic
Analytics can be defined as the detection, analysis, and relaying of consistent patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied predictively with the aim of predicting price more accurately. This predictive analysis model usually involves the analysis of historical price patterns that are used to attempt to determine certain price outcomes. Analyt
Analytics can be defined as the detection, analysis, and relaying of consistent patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied predictively with the aim of predicting price more accurately. This predictive analysis model usually involves the analysis of historical price patterns that are used to attempt to determine certain price outcomes. Analyt
Read this term.
Separately, the US-based fintech revealed that it has welcomed two seasoned industry professionals into its European business division. Guillaume Bunouf and Alvaro Del Pino Aguilera have been appointed to identify and pursue growth opportunities in the European market.
Broadridge Financial Solutions (NYSE:BR), a large publicly traded company fintech
fintech
Financial technology (fintech) is defined as any technology geared towards automating and improving the delivery and application of financial services. The origin of the term fintech dates back to the 1990s, where it was mainly used as a back-end system technology for renowned financial institutions. However, it has since expanded outside of the corporate sector with a greater emphasis on consumer services.
Financial technology (fintech) is defined as any technology geared towards automating and improving the delivery and application of financial services. The origin of the term fintech dates back to the 1990s, where it was mainly used as a back-end system technology for renowned financial institutions. However, it has since expanded outside of the corporate sector with a greater emphasis on consumer services.
Read this term company, has partnered with Apex Silver, a subsidiary of Apex Fintech Solutions, to provide a comprehensive cost basis processing and tax information reporting solution for the financial services industry.
This collaboration aims to provide wealth managers with a more tightly integrated offering to improve clients’ tax experience while reducing ownership costs. The partnership introduces a common management model and data source, providing greater flexibility and scalability while making integrations seamless.
According to Thomas Burke, President of Broadridge Tax Services, “The collaboration provides a comprehensive reporting solution for processing complex transactions that addresses both cost basis and tax treatment.”
Broadridge’s collaboration with Apex Silver aims to offer a comprehensive, one-stop-shop reporting solution that supports compliance with changing tax regulations and emerging asset classes such as cryptocurrency. The aim is to provide clients with a reporting solution that is easily scalable in response to increasing transaction volumes, allowing wealth managers to stay one step ahead.
“Apex Silver offers state-of-the-art cost-based reporting solutions focused on delivering industry-leading operational efficiencies and superior customer experiences. “API supports tens of millions of investment accounts and multiple Tier 1 financial institutions, including several companies that are also Broadridge tax reporting clients. We look forward to working together on this exciting initiative. commented Blake Henry, CEO of Apex Silver.
Thanks to this collaboration between two leading fintech providers, financial institutions such as banks, brokers and custodians can now partner with a single provider to access integrated tax information and cost-based reporting solutions. .
Apex Silver, formerly known as Silver Management Group of Companies, is a provider of SaaS business and technology solutions for the investment services industry.
Broadridge Announces New Partnerships, Hiring and Higher Revenues
A month ago, Broadridge released its financial statements for the second quarter of fiscal 2023, reporting a 3% annual increase in total revenue to around $1.3 billion. Additionally, recurring revenue increased 6% to $840 million.
Operating profit rose 57% to $108 million as margin also improved to 8.3% from 5.5%. The company’s adjusted operating profit increased from $141 million to $173 million, an increase of 23%.
Meanwhile, Broadridge signed two new partnership agreements with CQG in March and Point Focal in February. CQG and Broadridge will integrate their Order Management System (OMS) and Execution Management System (EMS), while Point Focal will enable the company to offer its clients advanced quantitative information and alternative portfolio based on the data analytic
Analytic
Analytics can be defined as the detection, analysis, and relaying of consistent patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied predictively with the aim of predicting price more accurately. This predictive analysis model usually involves the analysis of historical price patterns that are used to attempt to determine certain price outcomes. Analyt
Analytics can be defined as the detection, analysis, and relaying of consistent patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied predictively with the aim of predicting price more accurately. This predictive analysis model usually involves the analysis of historical price patterns that are used to attempt to determine certain price outcomes. Analyt
Read this term.
Separately, the US-based fintech revealed that it has welcomed two seasoned industry professionals into its European business division. Guillaume Bunouf and Alvaro Del Pino Aguilera have been appointed to identify and pursue growth opportunities in the European market.
