SBI Securities Expands Business Relationship with Broadridge

SBI Securities Co., Ltd., the largest Japanese online securities company in terms of the number of total securities accounts, announced that it has expanded its business relationship with fintech major Broadridge Financial Solutions, Inc.(NYSE: BR).

According to the official press release, the extension of this partnership is anticipated to enhance services to SBI Securities' clients as well as further automate operations across business lines.

SBI Securities is migrating the post-trade operations of its Hong Kong and Singapore businesses to Broadridge’s cloud-based ASP service in Asia and is adding new services to automate confirmation and statement output to clients. In addition, SBI Securities will be leveraging Broadridge’s SWIFT Service Bureau to automate SWIFT messaging workflows globally directly with its custodian, enabling them to outsource the whole post-trade processing value chain to Broadridge. 

“To provide attractive investment opportunities to our clients with one of the lowest commission systems in the industry, we are working with Broadridge to further drive digital transformation of our post-trade and SWIFT workflows,” said Ichiro Takahashi, Head of Global Operations of SBI Securities. “Broadridge’s global, multi-asset capabilities, together with local presence and expertise in the unique and complex requirements of Japan and Asian markets has been a winning combination for us in support of our business growth plans.  We are excited to service our clients more effectively by benefiting from the flexibility, scalability and resilience of Broadridge’s latest ASP service.” 

“We are very excited to deepen our relationship with SBI Securities and offer the mutualisation benefits of the Broadridge platform, including cost efficiencies, simplified compliance with market change, increased resilience, which will in turn free up time and resources for them to focus on differentiated activities for their clients,” said Ian Strudwick, Managing Director, Head of Asia Pacific at Broadridge. “Our ASP solution enables SBI Securities to centralise their settlement operations, accelerates their move to the cloud and will ensure they always have access to the latest versions of our world-class technologies and increased automation to better serve their clients in the region. We will continue to innovate for our clients with new all-in-one solutions such as the recently launched Post-trade FastStart that cuts cost, simplifies implementation and accelerates time to market.”   

​As Fazzaco reported earlier, Broadridge has announced the enhancement to its Fi360 Fiduciary Focus Toolkit​, in order to meet the increasing demand for environmental, social and governance (ESG) analysis from investors and advisors.