back Back

Broadridge to acquire Kyndryl’s Securities Industry Services platform

By Delisha Fernandes

May 14, 2024

  • Broadridge
  • broker-dealers
  • Capital Markets
Share

BroadridgeGlobal FinTech Broadridge Financial Solutions has announced that it will acquire Kyndryl’s Securities Industry Services (SIS) wealth and capital markets technology platform.

SIS solutions include clearing and settlement, account record keeping, tax and regulatory reporting, and integrated order management activities for Canadian financial services firms. Kyndryl intends to partner with Broadridge Canada by providing managed services and capabilities to SIS.

“The partnership with Kyndryl and the acquisition of the SIS business further underscore Broadridge’s long-standing commitment to being a leading technology provider to Canadian financial services firms,” said Karin Kirkwood, President of Broadridge Canada. “The combination of the SIS technology business and Kyndryl managed services with our industry leading Broadridge Wealth Platform will further accelerate our ability to bring innovation to Canada and meet the increasingly complex needs of Canadian firms.”

The transaction is not expected to have a material impact on Broadridge’s financial results. It is expected to close in the coming months, subject to customary closing conditions, including regulatory approvals. RBC Capital Markets acted as the exclusive financial advisor to the global FinTech company on this transaction.

“Broadridge has been a long-standing partner, and this latest collaboration is a win-win for our Canadian clients,” said Farhaz Thobani, President of Kyndryl Canada. “Broadridge shares our commitment to drive technology innovation at scale, making them the right acquirer for the SIS business and bringing additional innovation to our clients.”

Broadridge delivers technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Its infrastructure serves as a global communications hub, enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world.

Previous Article

May 14, 2024

Bankart taps Diebold Nixdorf to renew payment processing platform

Read More
Next Article

May 14, 2024

Phi Commerce streamlines payment solutions for Reliance Nippon Life Insurance

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Broadridge

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 24, 2024

Capital on Tap partners with Plaid in the UK

Read More

May 24, 2024

FE fundinfo acquires German FinTech Dericon

Read More

May 22, 2024

Lili launches Accountant AI to streamline finances for SMBs

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023