Broadridge Financial Solutions is a public United States-based corporate services company who plans for the expansion of a solution called private equity (PE) blockchain solution. The solution is also planned to be further developed.
The public United States-based corporate services company Broadridge Financial Solutions has made a partnership with a financial services company called Northern Trust Corporation.
A blockchain platform will be developed by Broadridge using the blockchain technology of North Trust Corporation. Serving all PE market participants is a purpose of the platform. Management, communication, and engagement with investors can be possible efficiently for PE firms through the platform. Capital and cash flow management can be improved.
The blockchain solution will be provided to all Guernsey and Delaware-based PE funds at the initial stage.
Broadridge Financial Solutions, Inc. is recognized as a $4 billion global FinTech leader. Investor communications and technology-driven solutions are provided to banks and broker-dealers around the globe through Broadridge. They aren’t only provided to the banks and the broker-dealers, but they are also provided to asset managers and corporate issuers around the globe. Clients are helped in reducing their capital investments through investor communications, securities processing and managed services of Broadridge.
While Northern Trust Corporation is recognized as exceptional service, financial expertise, integrity, and innovation-based industry leader. It was established in the year 1889 in Chicago, a city in Illinois. It has its offices in 20 U.S. states and Washington, D.C. Wealth management, asset servicing, asset management, and banking are provided to corporations and institutions through Northern Trust Corporation. They aren’t only provided to the corporations and the institutions, but they are also provided to affluent families and individuals through Northern Trust Corporation.
Financial services industry can have improved transparency, streamlined business processes, removed manual reconciliations, and reduced costs through the blockchain solution, BusinessWire reported.