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Broadridge adds new Swift transaction services
Customers gain advanced sanctions screening, end-to-end securities settlement control
The Asset 19 Sep 2023

Fintech Broadridge Financial Solutions offers its customers connectivity to Swift’s API for Transaction Screening and Securities View Services.

By using these services, the company says, financial firms and corporate treasuries, will be able to optimize sanctions compliance and transform their oversight and tracking of the securities lifecycle.

Broadridge has already signed its first customers for both services, including TÜV Rheinland for the Transaction Screening Service and a prominent European private bank for Securities View.

Sanctions screening regulations can be complex, challenging to follow, and subject to a high frequency of changes. Many firms are further exposed by inefficient, time-consuming processes, the company notes, when maintaining constantly evolving lists of sanctioned organizations and individuals.

By connecting its customers to the screening service, the company is enabling direct access to a centrally managed service that enables maximum accuracy and efficiency for transaction screening and sanctions list management.

“Transaction Screening Service means institutions can securely screen incoming and outgoing messages against the most up-to-date sanctions lists,” notes Darren Holdstock, Swift’s global gead of complementors. “Securities View provides end-to-end visibility of securities transactions and enables market participants to quickly identify trades at risk of failing and allowing them to take pre-emptive action.”

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