Broadridge Financial Solutions, Inc., a provider of technology-based outsourcing applications to the financial services industry, has launched its new Global Corporate Actions Solution (GCAS), a fully managed service that automates the entire corporate actions processing lifecycle.
Broadridge’s GCAS is an advanced, real-time and flexible technology that delivers straight-through-processing for a variety of corporate action processing needs, including announcement data capture and cleansing’ notification processing and entitlement calculations. Broadridge’s GCAS provides the software, infrastructure and retained services needed to support end-to-end corporate actions processing. GCAS features the award-winning cama™ corporate actions processing engine by Information Mosaic. Information Mosaic is providing advanced, scalable custody, asset and wealth management technologies to the investor services industry. By combining its robust outsourcing capabilities with Information Mosaic’s cama application, Broadridge offers fully-automated corporate actions support to broker-dealers, asset managers and custodians worldwide.
By partnering with Broadridge, GCAS clients can reduce costs associated with IT overhead; better manage risk and enhance efficiency and accuracy by eliminating manual processing; and improve the quality of data used to process corporate action events. By shifting implementation and ongoing maintenance costs to Broadridge’s trusted service, clients are able to focus on their core, revenue-generating activities while increasing customer satisfaction.
“Broadridge is pleased to introduce this unique and compelling value-added service for managing the corporate actions lifecycle,” says Charlie Marchesani, president, securities processing solutions, U.S., Broadridge. “Our Global Corporate Actions Solution is truly global by design, supporting our clients’ worldwide operations and business lines wherever and whenever they operate,” he added.
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