Broadridge Financial Solutions announced that Monex will migrate its current JASDECPS system to Broadridge’s advanced cloud-based SaaS platform, scheduled for go-live in May 2026.
JASDEC is Japan’s central securities depository (CSD) for equities, corporate bonds, and investment trust settlements. Its upcoming JASDEC2025 system changes are set to go live by Q1 2026. JASDEC Processing Solutions (JASDECPS) allows firms to achieve straight-through processing (STP) covering the entire transaction lifecycle and ensuring compliance with JASDEC2025.
“This transition to a SaaS environment will allow Monex, Inc. to provide more stable services and flexibly adapt to Japan’s evolving financial landscape,” said Motoki Kitamura, expert director of Operations at Monex, in a statement.
Originally launched on Broadridge’s JASDECPS in 2016, Monex will enhance its system capabilities by transitioning to a SaaS model, eliminating the burdens and costs associated with hardware procurement and system maintenance and align with increasing market demands and competitive pressures within Japan’s financial landscape.
“Monex, Inc.’s decision to transition to our cloud-based SaaS platform marks a significant step in optimizing their core operations and increase operational resiliency while remaining compliant with evolving market standards,” said David Runacres, president of APAC and senior country officer of Japan at Broadridge, in a statement.