Broadridge integrates FundApps’ automated compliance solution into portfolio and order management capabilities

Broadridge Financial Solutions has integrated global RegTech provider FundApps’ regulatory compliance technology with its buy-side portfolio and order management solution. 

Broadridge’s clients will benefit from a unique regulatory compliance solution that addresses managers’ needs across shareholder disclosures, sensitive industry monitoring and position limit reporting, removing operational challenges in their search for alpha. 

One Broadridge and FundApps client is BennBridge, a multi-boutique investment firm that strategically partners with fund managers. 

“We deal across multiple global equity markets and, as a result, are continually faced with changes to regulatory compliance requirements that can create complex challenges. By using the FundApps solution, integrated with Broadridge’s portfolio and order management system, we are able to automate many facets of our substantial shareholding disclosure process,” says Ben Battye, Head of Operations, BennBridge. “This allows us to focus our time on other critical parts of the business.” 
 
“Through our work with FundApps, we’re incorporating integrated, automated solutions that will remove operational challenges for our clients,” says Eric Bernstein, Broadridge’s President of Asset Management Solutions. “The global regulatory landscape has become increasingly more complex over the past several years, and as firms expand into new geographies, managers need to prove their strict adherence to those regulatory requirements. This strategic partnership allows firms to spend less time on operational and compliance issues and more time on managing assets and outperforming the competition.” 

"There is an increasing amount of regulatory fragmentation between local jurisdictions. This, coupled with the effects of a global pandemic, means there has been a lot of volatility with reporting thresholds as we move from crisis to recovery," says Andrew White, CEO at FundApps. "Regulation is not a unique problem for firms, so it only makes sense that they pool resources to invest in technology that automates it for them. Think of it as herd immunity - the more compliant each participant is, the less likely they are to spread risk through the community, achieving a level of protection that individual measures can’t reach on their own.”
 
Broadridge’s portfolio and order management solution offers an integrated approach to modelling and executing trades and tracking portfolios in real-time, and helps firms ensure their compliance and operations are up to date. Global hedge fund and asset management clients utilise Broadridge’s automated processes to improve data quality and manage compliance requirements, allowing them to focus on earning returns for clients. Now they will benefit from FundApps’ compliance-as-a-service solution that automates compliance monitoring and reporting.
 
The combined capabilities will provide clients the ability to leverage a fully automated interface that will support the daily updating of client holdings in the FundApps system, and maintain a complete and up-to-date global database of companies and regulatory rules. The enhanced platform offers solutions to clients seeking to avoid fines and reputational damage, reduce reporting time, retire legacy software and prove their adherence to regulatory requirements.