Broadridge Launches Enhanced Operational Resilience Solution and Services for International Post-Trade Processing

Core Insights - Broadridge Financial Solutions has launched enhanced services for international post-trade processing to address increasing cyber threats and comply with the EU's Digital Operational Resilience Act (DORA) [1][2] - The compliance deadline for DORA is approaching, emphasizing the urgency for financial firms to review their systems and strategies to mitigate risks associated with cyber incidents [2] Group 1: Enhanced Services and Solutions - Broadridge's new operational resilience services allow firms to share costs for business continuity and compliance with DORA through a shared services pricing model [2] - The services include specialized professional expertise to assess and validate risk and control frameworks, identifying vulnerabilities and enhancing operational risk management practices [2] - High-availability recovery solutions are provided, ensuring backup environments meet regulatory standards and can reduce recovery times from hours to minutes in case of cyber incidents [2] Group 2: Cyber-Recovery Capabilities - Broadridge offers enhanced cyber-recovery capabilities that protect critical data assets, utilizing secure, immutable storage for unalterable copies of a firm's post-trade infrastructure [2] - In the event of a cyber incident, these secure copies can be quickly restored, facilitating faster system recovery [2] Group 3: Company Overview - Broadridge Financial Solutions is a global technology leader, processing over 7 billion communications annually and supporting daily trading of more than $10 trillion in securities [4] - The company is part of the S&P 500 Index and employs over 14,000 associates across 21 countries [4]