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LONDON--(Marketwire - October 01, 2007) - Broadridge Financial Solutions,
Inc. (NYSE:
BR), formerly ADP Brokerage Services Group, has announced that it has signed
clients in new markets since extending the international reach of its SWIFT
Service Bureau.
Broadridge has moved into the Eastern European market with the addition of
Pioneer Investments in Prague to its SWIFT Service Bureau portfolio. Andreas
Günther, a European Managing Director of Broadridge, said, "The Eastern European
market is a new region for Broadridge, and one in which we are committed to
developing our business."
Overall, Broadridge has increased the number of users on its SWIFT Service
Bureau in the past year to 26 BICs. This includes gaining its first clients in
the UK and the US, as well as growing its client base in continental Europe and
signing its first corporate client using the SCORE (Standardised Corporate
Environment) approach.
The Broadridge SWIFT Service Bureau, including its SWIFT Transaction Manager
(STM), has been upgraded to cover the SWIFT standards and to help meet the
requirements and market needs of corporate clients. Broadridge has invested in
its services to enable corporate usage either directly or via a firm's banking
partner.
Functional enhancements have been extended through the addition of the SWIFT
Transaction Manager (STM) to Broadridge's SWIFT Service Bureau for the US
market. The STM, already comprehensively proven in the European markets, is an
advanced workflow feature that enables users to monitor the full lifecycle of
their messages via an up-to-date browser, and create, release and re-route
messages in a controlled STP environment. Users without knowledge of SWIFT
formats can input any type of message which is then automatically transformed
into the appropriate SWIFT format.
About Broadridge
Broadridge Financial Solutions, Inc., formerly ADP Brokerage Services Group,
with over $2.0 billion in revenues and more than 40 years of experience, is a
leading global provider of technology-based outsourcing solutions to the
financial services industry. Our systems and services include investor
communication, securities processing, and clearing and outsourcing solutions.
Broadridge offers a broad, integrated suite of innovative global solutions
across the investment lifecycle and provides a wide range of cost-effective and
scalable solutions to the financial industry. Our systems help reduce the need
for clients to make significant capital investments in operations
infrastructure, thereby allowing them to increase their focus on core business
activities. For more information about Broadridge, please visit
www.broadridge.com.
Contact:
Media:
Mike West
Broadridge Financial Solutions, Inc.
London
T: +44 (0)20 7551 3224
E: mike.west@broadridge.com
