Broadridge Financial Solutions has launched BRx Match, a cloud-based reconciliation and matching platform aimed at helping business users streamline complex reconciliation processes and improve data integrity. This innovation is part of Broadridge’s commitment to delivering advanced fintech solutions that address real-world challenges in the financial industry.
Key features and benefits of BRx Match include:
- Self-Build Capabilities: BRx Match offers business users the ability to design and build their own reconciliation processes. This feature accelerates the onboarding of new reconciliation tasks, reduces total ownership costs, and enhances operational responsiveness.
- Automation: BRx Match automates the reconciliation of various data sources, making it particularly valuable in the face of increasing transaction volumes and complex regulatory requirements.
- Data Agnosticism: The platform can reconcile various data types, including securities, cash, derivatives, reference data, card services, financial, and insurance data. This versatility allows businesses to reconcile across diverse data sources and models.
- Matching Rules: BRx Match provides a set of fundamental matching rules that cater to common reconciliation needs. It also offers a range of matching engines, giving businesses flexibility and control over their reconciliation tasks.
- Data Integrity: By automating the reconciliation process from the beginning, BRx Match enhances data integrity and ensures higher transparency and accuracy in reconciliation operations.
- Adaptability: BRx Match empowers business users to design, build, test, modify, and deploy their reconciliation processes with ease, providing them with unprecedented control and adaptability.
- Unification: The platform delivers a unified and consistent user experience throughout the enterprise.
The launch of BRx Match represents a significant departure from traditional reconciliation solutions, as it addresses the evolving demands of modern businesses by offering comprehensive data acquisition and transformation capabilities.
Broadridge’s commitment to delivering cutting-edge fintech solutions demonstrates its dedication to streamlining the front-to-back environment for its clients. BRx Match aims to help enterprises optimize their reconciliation operations while maintaining data integrity, making it a valuable asset for businesses facing complex reconciliation challenges in the global financial industry.