First Abu Dhabi Bank Chooses Broadridge for Global Agency Securities Finance

Post by: Elena Malik

First Abu Dhabi Bank (FAB) has partnered with Broadridge Financial Solutions, a company that provides advanced technology for financial services. This partnership will help FAB grow its business in securities lending. Securities lending is when one party lends shares or bonds to another for a certain period. FAB wants to improve how it handles this business in the UAE and across the Middle East.

FAB will use a special system created by Broadridge called the Securities Finance and Collateral Management (SFCM) platform. This system will help FAB work faster, more efficiently, and more smoothly. It will also ensure that FAB follows the local rules in the Middle East while also meeting international standards. The demand for borrowing and lending securities is increasing in the region, and this partnership will help FAB meet that demand.

Darren Crowther, who leads the securities finance section at Broadridge, said that this partnership will make trading easier and more innovative. He said that both FAB and Broadridge are committed to bringing new ideas and tools to the market. This will help businesses in the Middle East perform better and serve their clients more effectively.

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One important part of this partnership is Broadridge’s SFCM platform. This system is based on advanced technology from Amazon Web Services (AWS) and is being used in the Middle East for the first time. This platform will help FAB deal with complex rules about lending and borrowing securities and allow the bank to grow its business while helping clients more efficiently.

Broadridge Financial Solutions is a global company known for helping financial institutions improve their operations. The company processes over $10 trillion in securities trades every day and handles more than 7 billion financial communications every year. It has over 14,000 employees working in 21 countries and is known for its expertise and innovative technology.

This partnership between FAB and Broadridge is a big step forward for securities lending in the Middle East. As the financial markets change and grow, FAB is positioning itself to stay ahead of the curve. By working with Broadridge, FAB will improve its services, grow its business, and provide better support for its clients in the UAE, the Middle East, and beyond. This collaboration shows how both companies are working together to create a stronger and more innovative financial system.

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