Broadridge partners with AWS to extend its Private Market Hub platform

By Pavithra R

Broadridge Financial Solutions, a provider of investor communications, technology-driven solutions, data and analytics to the financial services industry has announced partnering with Amazon Web Services (AWS), to advance its industry-leading Private Market Hub platform.

The platform has now added connectivity to existing industry tools and technologies to help further automate workflows between front, middle and back-office functions providing a consistent, secure, real-time view of the data.

“We are leveraging blockchain technology to drive further innovation, removing industry friction in workflows and delivering real savings in terms of cost and time, by offering seamless connectivity to critical applications and solutions that industry participants rely on. The trends around digitization and data and analytics are only growing, and digital assets mark the start of an exciting new era for the private markets industry and fund managers and investors alike, accentuating the need to access best-in-class products to address the evolving landscape,” said Eric Bernstein, Broadridge’s President of Asset Management Solutions.

By bringing together private equity ecosystem participants, Private Market Hub not only reduces friction for fund managers, investors and administrators, but allows for easier auditability. Funds can manage, communicate and engage with investors and other stakeholders with increased efficiency. These innovations are enabled by distributed ledger technology (DLT), which streamlines traditionally disconnected and inefficient processes and facilitates visibility and trust.

“We are excited to support Broadridge’s Private Market Hub, which accelerates the digitization of a critical part of the financial services infrastructure. Private Market Hub’s use of Amazon Managed Blockchain, a fully managed blockchain service, allows us to help Broadridge scale efficiently and more effectively serve its customers,” said Saman Michael Far, VP, Financial Services Technology, Amazon Web Services.