Broadridge Financial Solutions has extended its business process outsourcing (BPO) services beyond securities processing functions to enable firms use their technology of choice while taking advantage of the company's BPO solutions.
Broadridge said its expanded BPO services now include the performance of the back-office, middle-office, corporate and finance functions of global financial services firms.
Broadridge will continue to provide BPO solutions to its clients in connection with its own proprietary securities processing platform.
The back-office functions supported by Broadridge include securities clearance and settlement, corporate actions, tax reporting, mutual funds, and other books and records processing. The middle-office functions supported by Broadridge include account opening and maintenance, and account and asset transfers.
Corporate and finance functions supported by Broadridge include traditional accounting processes such as accounts payable and management reporting and also treasury, risk, compliance and regulatory reporting.