Asia Awards 2023: Best reconciliation platform—Broadridge Financial Solutions

Product: Data Control Reconciliations


Data Control Reconciliations is Broadridge Financial’s reconciliations platform used by a large number of buy- and sell-side firms. The platform offers scalability to support clients of different sizes, the ability for client self-service on-boarding, and flexibility to help firms reduce various operational costs. 

“Flexibility of the system has helped to ease our reconciliation process today as well as innovate for future growth.”
Mohd Khairil, senior manager, finance, AIA

The solution

Broadridge Data Control provides a variety of deployment models from traditional on-premises installations and hosted software-as-a-service (SaaS) deployments to a complete business process outsourcing (BPO) model where Broadridge assumes responsibility for performing complete reconciliations on a client’s behalf, raising any necessary exceptions and remaining accountable for any errors in the reconciliation process. This provides firms with greater control and process standardization in their reconciliation operations and enables them to focus on current business needs.

Secret sauce

The Broadridge Data Control platform automates reconciliation processes of cash, positions, trades, and reference data across virtually any asset class, including FX, equities, fixed income, exchange-traded and over-the-counter (OTC) derivatives. A key differentiator is its adaptability to clients’ needs with integration with the firm’s post-trade solution, regulatory reporting, and connection to its Swift service bureau.

Recent milestones

  • Broadridge Data Control offers a Swift bureau service for non-Swift-enabled clients that require direct connectivity to the Swift network 
  • SWIFT CBPR+ ready to assist organizations to meet the new ISO 20022 standards

Future objectives

New product enhancements include:

  • Further enhancements to onboarding new reconciliations including self-service capabilities to allow clients to achieve quicker ROI
  • Improving AI and ML usage across the board for clients to achieve higher match rates and more robust exception management
  • Integration with Broadridge’s BRX Data Ontology, facilitating two-way data flow across the enterprise including regulatory reporting, post-trade, and reconciliation
“Winning this award will be a great milestone to highlight Broadridge’s growth in expanding our market-leading reconciliation solution in Asia-Pacific. We are committed in delivering a single-supplier approach for our clients that combines award-winning technology, scalable infrastructure and the operational support of highly experienced subject matter experts.” 
Mohd Shahid, head of Data Controls, Broadridge Financial Solutions, Asia-Pacific

Why they won

Broadridge follows up its success in the best trading network category in last year’s awards by winning the best reconciliation platform in this year’s edition, underlining its impressive versatility. In recent years, “recs” has become one of the most important back-office functions for firms on both sides of the industry as they look to increase the speed and accuracy of their recs functions through automation, while simultaneously enhancing their exception management capabilities. To that end, Broadridge’s Data Control Reconciliations platform automates recs processes for cash, positions, trades, and reference data across virtually any asset class.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here