Accenture (NYSE: ACN) and Broadridge Financial Solutions, Inc. (NYSE: BR) announced today that the United Kingdom’s Financial Conduct Authority (FCA) has authorised Accenture Post-Trade Processing Limited, a fully owned subsidiary of Accenture, for the provision of post-trade processing services. Accenture Post-Trade Processing offers these services in collaboration with Broadridge.
Full details of the Accenture Post-Trade Processing Limited FCA authorisation can be found athttp://www.fsa.gov.uk/register/firmRegulator.do?sid=331714
Accenture Post-Trade Processing helps banks operating in Europe and Asia-Pacific reduce post-trade processing costs, adapt to new regulations and technology changes, and quickly and efficiently launch new products and enter new markets. The solution provides post-trade processing and technology services to support settlement, books and records, asset servicing, operational management and control, real-time data access and administrative accounting.
“As banks continue to focus on solutions to bring new efficiencies to their back-office operations and create a scalable infrastructure for securities processing, our vision for a future model – where banks pool transactions together to reduce IT and processing costs and implement new regulations – continues to gain traction,” said Owen Jelf, Managing Director, Capital Markets at Accenture. “By moving away from in-house or bespoke solutions at each bank, Accenture Post-Trade Processing allows banks to offer the same or improved high-levels of service while providing significant cost reductions across the industry.”
“Accenture Post-Trade Processing distinguishes itself as a market leader through its combination of advanced centralised processing and highly scalable and proven technology,” said Tom Carey, President, Global Technology and Operations International, Broadridge. “By mutualizing costs across a growing number of participants, our solution offers a more efficient way for banks and brokers to support critical yet non-differentiating functions and increased returns on equity.”
The new FCA license ensures that Accenture Post-Trade Processing Limited is supervised by the FCA and can offer post-trade processing services from the UK.
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Accenture Receives Financial Conduct Authority Authorisation For Post-Trade Processing Service
Date 07/04/2015