Cloud-native platform reinvents
the data lake by capturing and harmonizing the full transaction
lifecycle, enabling firms to
unlock opportunities through advanced data analytics
and AI capabilities
NEW
YORK and LONDON,
Sept. 3,
2024 /PRNewswire/ -- The launch of Tradeverse, a
new data platform by global Fintech leader Broadridge Financial
Solutions Inc. (NYSE: BR), will help trading firms eliminate
data silos, unleash the potential of their data across the
enterprise and better manage costs, reconciliation, and the data
quality and lineage challenges of firms typical complex platform
ecosystems.
Tradeverse consolidates real-time, multi-asset class data from
multiple vendor applications and platforms from orders and
executions through settlement into a unified, harmonized
data platform. It reduces errors, simplifies access with
a common data ontology across front, middle and back
office and incorporates robust security to protect sensitive
information and maintain data integrity. The clear data
structure unlocks insights for all key functions – trading desks,
operations, risk, finance, and regulatory - by providing a trusted
and transparent data source.
"A Tradeverse implementation we've recently completed with a
global bank is proving the power of harmonizing trade data," said
Hugh Daly, Head of Data and AI,
Capital Markets, Broadridge. "The solution delivers efficiencies
for their regulatory reporting and compliance teams, allowing
direct access to the data for business users initiating complex
searches using natural language."
Many enterprise data warehouse projects fail to deliver the
expected benefits due to the complexity arising from disparate
representations of the source data. Tradeverse is focused on
ensuring true data harmonization. The application of business logic
and constraint of the data ontology is critical to that. This leads
to seamless access to high quality data, which ultimately
accelerates time-to-value for multiple AI
initiatives.
In another use case, the Securities Operations team of a top ten
capital markets firm is using Tradeverse's harmonized data platform
coupled with Broadridge's Generative AI tool for Operations
(OpsGPT) to empower users. This is allowing the teams to
identify and implement productivity gains such as settlement fails
analysis that were previously incredibly hard to capture in a
fragmented ecosystem.
Tradeverse will be the cornerstone of a number of innovative
value-add business solutions that Broadridge will bring to market
in the coming months.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), is a global
technology leader with the trusted expertise and transformative
technology to help clients and the financial services industry
operate, innovate, and grow. We power investing, governance, and
communications for our clients – driving operational
resiliency, elevating business performance, and transforming
investor experiences.
Our technology and operations platforms underpin the daily
trading of more than $10 trillion of
equities, fixed income and other securities globally. A certified
Great Place to Work®, Broadridge is part of the S&P 500® Index,
employing over 14,000 associates in 21 countries. For more
information about us, please visit www.broadridge.com.
Broadridge Contacts:
Investors:
Edings
Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg Rosenberg
Global Head of Corporate
Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.