Broadridge Innovates Shareholder Services with AWS Migration
Broadridge Financial Solutions, Inc. (NYSE: BR), a prominent leader in the fintech sector, has taken a significant step forward in enhancing its services. The company has successfully migrated its Shareholder Disclosure Hub (SDH) to Amazon Web Services (AWS). This strategic move is designed to bolster resilience, improve performance, and increase security while simultaneously expanding Broadridge's global footprint.
The migration not only modernizes the company’s Global Proxy platform but also opens up new markets, including Singapore and South Africa, within the EMEA and APAC regions. This milestone is part of Broadridge’s ongoing commitment to provide top-tier service and innovation to its clients, and it significantly boosts the scalability and efficiency of its offerings.
Significant Investments in Technology and Client Solutions
Demi Derem, Senior Vice President of Investor Communications Solutions International, emphasized the importance of this investment, stating, "The enhanced security, resilience, and operational efficiency provided by AWS contributes significantly to our commitment to delivering better client solutions. We are dedicated to evolving our solutions alongside the global capital markets' needs, ensuring transparency for shareholders worldwide."
The migration to AWS is not a mere transfer; it represents a comprehensive redesign of the SDH platform. The new cloud-native system introduces cutting-edge architectural improvements that enhance performance, stability, and security by utilizing multiple AWS Regions and adhering to Broadridge’s Managed Cloud Architecture Standards, which boast certification from the Cloud Security Alliance (CSA) at STAR Level 2.
Streamlining Global Operations for Enhanced Investor Experience
With this advanced infrastructure, Broadridge simplifies the process for market participants, enabling compliance with shareholder disclosure regulations across all SRD II territories in the European Economic Area (EEA), as well as in Australia, Hong Kong, and the newly incorporated regions of Singapore and South Africa. This unified approach allows institutional investors, intermediaries, and issuers to navigate regulatory requirements effectively and efficiently, fostering greater transparency and advancing shareholder democracy.
Broadridge's Commitment to Excellence
About Broadridge, it stands as a technological innovator in the financial industry, providing vital expertise and transformative solutions that help clients navigate the complexities of financial services. The company is dedicated to enhancing investing, governance, and communications, strengthening business performance while improving investor experiences.
Broadridge’s operations handle a staggering 7 billion communications yearly, playing a pivotal role in the daily average trading of over $15 trillion in a wide array of securities globally. Honored as a certified Great Place to Work®, Broadridge is also a member of the S&P 500® Index, employing a diverse team of more than 15,000 professionals across 21 countries. More insights about the company can be found on their official website.
Frequently Asked Questions
What is Broadridge's recent advancement?
Broadridge successfully migrated its Shareholder Disclosure Hub to Amazon Web Services, enhancing its services globally.
Which markets has Broadridge expanded into?
Broadridge has expanded its reach to include major markets such as Singapore and South Africa.
What benefits come with the AWS migration?
The migration boosts performance, security, and operational efficiency while reducing complexity for users.
How many communications does Broadridge handle annually?
Broadridge manages over 7 billion communications each year, signifying its vast operational capabilities.
Is Broadridge recognized in the employment sector?
Yes, Broadridge is a certified Great Place to Work® and is included in the S&P 500® Index.