Broadridge's End-To-End Reporting Solution to Help Brokers Comply with Upcoming Regulations

By CIOReview | Monday, April 6, 2015

TORONTO, ON: Broadridge Financial Solutions, provider of investor communications and technology-driven solutions launches an end-to-end reporting solution that allows investment brokers and dealers to meet upcoming fee and performance reporting requirements under Canada’s Client Relationship Model, Phase 2 – or “CRM2″ – regulatory initiative.

The solution is based on Doxim’s Digital Document Factory (DDF) technology, and is available as a stand-alone service or can be integrated with Broadridge’s multi-feature, Intelligent Account Statement service. Doxim offers Customer Communications Management software for the financial services industry. Their solutions are generally used by banks, credit unions, wealth management and investment brokerage firms to create, manage and deliver business-critical customer communications more efficiently and cost effectively, enhancing their customers’ experience.

According to Patrick Masset, executive V.P. sales and client experience, Doxim by integrating with Broadridge, the company can mmeet several challenges; Firstly help investment brokers  and dealers to meet regulatory deadline. Also a modern platform can be built from where client communications can be enhanced.

“The new CRM2 reports will require complex computations based on data from multiple internal and external dealer sources,” says Donna Bristow, vice president, business management & operations, Broadridge Investor Communication Solutions, Canada. “Implementing and interfacing with these systems is a major undertaking for Canadian investment dealers and brokers. The Intelligent Reports solution allows firms not just to meet upcoming requirements but to make a meaningful and positive change in how they communicate with clients. It also supports a systemic shift towards more modern, carbon-friendly document delivery, and helps drive costs out of the process.”