Broadridge Launches Service for Financial Institutions Transitioning from SWIFT Accord
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Service offers seamless transition of trade confirmation matching ahead of SWIFT’s planned retirement of Accord services in 2017
Broadridge Financial Solutions, Inc. (NYSE: BR) has launched atransition service for financial institutions currently using SWIFT’s Accord trade confirmation matching service, which SWIFT plans to retire in 2017. The new transition service is designed to offer banks, broker-dealers, investment managers and other corporations a seamless transition from SWIFT’s Accord service to Broadridge Matching. Accord is currently used by hundreds of financial institutions worldwide.
“SWIFT’s Accord has been an established solution for more than 20 years,” said Andreas Günther, executive director, global SWIFT relationship, Broadridge. “With its 2017 retirement date near on the horizon, we are mobilizingour deep trade confirmation matching expertise and solutions to provide critical planning and migration support to financial firms globally. As a global SWIFT service provider with more than 25 years of matching technology expertise, we are uniquely positioned to support institutions planning their transition.”
Broadridge has completed more than 100 matching solution deployments and offers a range of flexible matching solutions for both treasury and securities. The company employs a global support model with 24/7 operations, with real-time matching and exception-handling to enhance efficiency and risk controls. Broadridge’s transition service includes assessment and evaluation, full program-planning and migration to Broadridge Matching and features flexible deployment, seamless migration and global support.