Broadridge Financial Solutions announced that Baader Bank is adding the fintech’s regulatory trade and transaction reporting to the bank’s existing use of front and middle office suite of solutions.
Broadridge’s platform supports the bank to effectively meet the evolving requirements across multiple jurisdictions due to today’s fast changing regulatory landscape, including MiFID, FinfraG, EMIR (Refit) and Securities Financing Transactions Regulation (SFTR). Baader Bank will adopt Broadridge’s holistic reporting solution that will ensure a more unified and comprehensive regulatory reporting framework. Baader Bank offers its clients access to a full spectrum of asset classes including equities, bonds, derivatives, and funds/ETFs, as well as primary market transactions.
Ben Cooling, general manager for Regulatory Transaction Reporting Solutions at Broadridge, said in a statement: “As banks continue to grapple with the challenges of meeting complex regulatory demands, we are extremely proud that Broadridge continues to be the preferred technology partner for global financial institutions looking to simplify, transform and innovate across the trade lifecycle.”