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Broadridge launches new cloud-based SBL platform


Broadridge Financial Solutions, Inc. (NYSE:BR) company, has launched a new
platform, which utilises the latest in cloud technology to enable end-to-end Securities-Based Lending (SBL).
With SBL becoming an ever-more important credit product for financial advisors and their clients, the Broadridge SBL platform combines Rockall’s existing credit and operational risk technology (FASTNET) with new loan origination capabilities (NAVIGATOR). This platform delivers a streamlined end-to-end process incorporating self-service loan management for the advisor and client.

“Digitisation of the entire SBL process speeds up and smooths down the client and advisor experience; loans can be approved and funded more quickly, reducing time-to-loan to same day or next day funding,” says Luke Nestor, founder of Rockall. “The Broadridge SBL Platform leverages next-gen technology to marry process efficiency and automation in the back office with an exceptional advisor and client experience. The platform makes it substantially easier for advisers to bring SBL to their clients, allowing them to defend and grow AUM.”
Built on Rockall’s strong core SBL client base over 20 years, with a focus on credit monitoring and risk management, the Broadridge SBL Platform is a new, digitised offering providing a full end-to-end securities-based lending experience. The platform puts loan origination and management directly onto the adviser dashboard, coupling it with rich back office SBL operations and risk management. Advisers can access detailed client information as well as benefit from automated SBL workflows. By replacing manual information-gathering requests with a fully digital process, client decisions are better-informed and new business can be accelerated through a simple application process. Credit release decisions, margin call management and client communications workflow are also all fully digitised.
By providing direct connectivity across the full SBL ecosystem – including between multiple third-party market pricing, custodian, core banking and loan accounting systems – the business is better placed to manage SBL loans at volume, even at times of market volatility. The platform combines best-in-class security safeguards including SOC 2 compliance, market-leading middle- and back-office capabilities and a fully digital front office experience.
The platform supports a client self-service model by providing an application front-end for direct client applications – enabling the business to offer compelling SBL options to clients who might otherwise consider competitive credit offerings from other institutions. Self-service goes beyond online accessing of account information to deliver rich loan management capabilities directly to the advisor and client base, including notifications, inquiry, drawdowns, release requests and funds disbursement.
The Broadridge SBL Platform integrates with multiple internal and external systems to acquire and process loan and collateral data, including held-away assets. It streamlines communication between lender and adviser, integrating existing activities into a robust, repeatable automated process.

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