Broadridge acquires Rockall
01 May 2019 New York
Image: Shutterstock
Broadridge has acquired Rockall, a technology firm in securities-based lending (SBL) and collateral management.
The acquisition expands Broadridge鈥檚 core front-to-back office wealth capabilities, providing SBL and collateral management technology solutions.
Meanwhile, two key offerings Rockall provides includes a cloud-based wealth lending solution, and FASTNET, which automates the evaluation, monitoring and management of SBL.
Additionally, Rockall鈥檚 offerings also include an enterprise banking collateral management solution, and COLLATE, which supports strategies and change levers that drive enhanced credit risk management.
Rockall noted that they also provide regulatory reporting, process simplification and capital efficiency.
Michael Alexander, head of North American Wealth and Capital Markets Solutions for Broadridge, commented: 鈥淭he acquisition of Rockall is the most recent example of Broadridge growing our wealth franchise by expanding our core wealth offering for clients.鈥�
鈥溌槎勾�-based lending and collateral management are key industry areas in need of innovation, and we look forward to leveraging next-generation technology to provide proven solutions to clients while mutualising key front-, middle- and back-office functions.鈥�
Richard Bryce, CEO of Rockall, said: 鈥淲e are excited to have our innovative SBL and collateral management technology solutions be a part of Broadridge鈥檚 wealth management offerings, serving an even greater number of clients.鈥�
鈥淏roadridge is a leader in the wealth management industry and its size and scale accelerates our ability to meet the increasing demand from advisors and investors.鈥�
The acquisition expands Broadridge鈥檚 core front-to-back office wealth capabilities, providing SBL and collateral management technology solutions.
Meanwhile, two key offerings Rockall provides includes a cloud-based wealth lending solution, and FASTNET, which automates the evaluation, monitoring and management of SBL.
Additionally, Rockall鈥檚 offerings also include an enterprise banking collateral management solution, and COLLATE, which supports strategies and change levers that drive enhanced credit risk management.
Rockall noted that they also provide regulatory reporting, process simplification and capital efficiency.
Michael Alexander, head of North American Wealth and Capital Markets Solutions for Broadridge, commented: 鈥淭he acquisition of Rockall is the most recent example of Broadridge growing our wealth franchise by expanding our core wealth offering for clients.鈥�
鈥溌槎勾�-based lending and collateral management are key industry areas in need of innovation, and we look forward to leveraging next-generation technology to provide proven solutions to clients while mutualising key front-, middle- and back-office functions.鈥�
Richard Bryce, CEO of Rockall, said: 鈥淲e are excited to have our innovative SBL and collateral management technology solutions be a part of Broadridge鈥檚 wealth management offerings, serving an even greater number of clients.鈥�
鈥淏roadridge is a leader in the wealth management industry and its size and scale accelerates our ability to meet the increasing demand from advisors and investors.鈥�
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