Broadridge Financial Solutions has released an update of its reconciliation and process management suite, PROactive, to bolster operational efficiency and servicing between buy and sell firms by adding confirmation matching capabilities.
PROactive will now enable sell-side and buy-side clients to connect through a new confirmations portal allowing them to match trade confirmations for foreign exchange (FX) and non-deliverable forward (NDF) products. The confirmations are accessible via the Swift network for sell-side firms and through a single web interface for buy-side firms.
"We have extended our track-record of helping firms reduce the cost of configuring new reconciliations through our new, user-friendly dashboards that help tackle prioritized exceptions in a more timely and efficient manner," says Jose Contin, general manager, Reconciliation and Process Management Solutions EMEA and Americas at Broadridge. "Our new confirmations portal, available as a technology managed service, offers firms a secure and streamlined approach to confirmation and affirmation processing at a time when industry regulations, specifically around the requirement of timely confirmations, are becoming ever more prevalent."
Broadridge also enhanced its reconciliation tool with a graphical dashboard and reports to easily flag up reconciliation ‘breaks' that are segregated according to priority.
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