Broadridge Partners with DeepSee to Innovate Post-trade Processes
Broadridge Financial Solutions Inc. (NYSE: BR), known as a global leader in fintech innovation, has recently announced its strategic investment in DeepSee. This collaboration signifies Broadridge's ongoing commitment to leveraging cutting-edge artificial intelligence in streamlining post-trade operations. This partnership is aimed at reshaping the way capital markets operate by enhancing overall efficiency, compliance, and service to clients.
AI-Powered Innovations in Post-trade Operations
The investment deal includes Broadridge acquiring a minority stake in DeepSee, a firm recognized for its leadership in agentic AI technology. This partnership is set to drive significant advancements in employing AI-powered email orchestration technologies, which will transform traditional email management systems into smart, automated workflows. This initial project illustrates a proactive approach to AI adoption in crucial operational sectors.
Tom Carey, who is the President of Broadridge Global Technology and Operations, will also be joining the board of DeepSee, thus ensuring a unified vision toward implementing AI transformations in the capital market sector. Through this collaboration, the focus will be on streamlining email-related processes, allowing post-trade operations teams to shift from using manual email handling to adopting automated workflows.
Revolutionizing Client Interactions and Operational Efficiency
At the heart of this partnership lies an aspiration to deliver innovative solutions that fundamentally alter the operational framework of trading firms. As Tom Carey pointed out, the integration of DeepSee’s AI capabilities into Broadridge’s operations will not only help mitigate risks but will also significantly improve the experience of clients. By automating routine tasks, the new systems promise to boost productivity and operational resilience.
Broadridge's position in the financial landscape is already considerable, processing over $15 trillion in daily trades globally. The integration of AI into various workflows, such as fault research and email orchestration, is designed to empower clients by simplifying complex trading ecosystems and enhancing decision-making processes. This strategic move positions Broadridge at the forefront of technological advancements in post-trade processing.
DeepSee: Pioneering AI within Financial Services
DeepSee has an ambitious vision of utilizing AI agents to transform convoluted financial workflows into efficient, actionable outputs. Steve Shillingford, the CEO and Founder of DeepSee, expressed enthusiasm for collaborating with Broadridge, emphasizing that this partnership will enable the sharing of their AI innovations with a broader audience within the capital markets. The goal is to facilitate a substantial reduction in manual processes, enhance responsiveness to clients, and ultimately elevate overall operational efficiency.
Core Benefits of the Collaboration
This collaboration is set to yield numerous advantages, particularly through the deployment of AI solutions that drive productivity. Key aspects include:
- Improved efficiency and productivity by automating workflow processes and intelligently prioritizing emails.
- More effective resource management through AI-driven categorization and elimination of unnecessary emails, freeing teams to engage in higher-value tasks.
- Enhanced oversight with real-time insights into operational metrics, elevating transparency and communication within teams.
The implementation of this AI technology has already taken flight within Broadridge's Business Process Outsourcing operations, which caters to over 60 clients. Additionally, firms opting for deployment within their infrastructures will have access to Broadridge’s comprehensive platform or can utilize the solution independently, thus widening its practical application across the industry.
About Broadridge Financial Solutions
Broadridge Financial Solutions is geared towards enabling innovation in the financial services industry. As a technological leader, Broadridge combines deep industry expertise with transformative technology to help clients manage, innovate, and grow. The company is recognized for powering investing, governance, and communications, focusing on enhancing operational resiliency and transforming client interactions.
Operating on such a large scale, Broadridge processes and generates over 7 billion communications a year and supports an average daily trading volume of more than $15 trillion in various securities. The organization has been recognized as a Great Place to Work® and is part of the S&P 500® index, employing over 15,000 associates across 21 countries.
About DeepSee
DeepSee is revolutionizing agentic operations within the financial services sector by offering a unique control plane that converts fragmented workflows into integrated, AI-driven services. Their focus lies in enabling seamless orchestration across different applications and teams, empowering organizations to transition from experimental phases to full-scale operational transformations.
For clients seeking to streamline their operations and enhance efficiency, the partnership between Broadridge and DeepSee represents a significant step towards achieving a more productive and innovative financial services landscape.
Frequently Asked Questions
What is the focus of Broadridge's investment in DeepSee?
The focus is on integrating AI technology to streamline post-trade operations, specifically through AI-powered email orchestration.
Who will join DeepSee's Board of Directors?
Tom Carey, President of Broadridge Global Technology and Operations, will join the Board of Directors of DeepSee to oversee the collaboration.
What existing expertise does Broadridge bring to this partnership?
Broadridge has extensive experience in post-trade processing, handling over $15 trillion in daily trades, making them a key player in advancing AI solutions.
What are some benefits of the AI solutions provided by DeepSee?
Benefits include increased productivity, smarter resource optimization, and enhanced transparency through real-time metrics.
How can firms implement this AI technology?
The solution can be deployed using the Broadridge platform within their existing infrastructures or as a standalone solution for targeted use cases.
