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Broadridge Enabling Rapid Compliance with EU Instant Payments Regulations
Prnewswireยท 2025-07-08 05:00
Core Insights - Broadridge Financial Solutions is enhancing financial institutions' compliance with EU Instant Payment regulations through its efficient service for connectivity and message processing [1][2] - The company has successfully onboarded seven clients within five months, demonstrating rapid adoption of its instant payment solutions [2][3] - Broadridge's infrastructure supports real-time payments with zero downtime, processing transactions in less than 10 seconds [6] Group 1: Service Adoption and Impact - The service launched in fall 2024 has seen significant market adoption, reflecting Broadridge's commitment to improving transaction speed and efficiency [1][2] - Partnerships with core banking solution providers like CPB SOFTWARE and instant payment application providers such as Foconis have facilitated rapid deployment for financial institutions [5] - The instructing party model developed with the European Central Bank's TIPS system has simplified compliance and reduced costs for clients [3][4] Group 2: Operational Resilience and Compliance - Broadridge's infrastructure features "active-active" failover across two data centers, ensuring uninterrupted service availability and enhancing resilience [4] - The company is helping banks navigate the evolving regulatory landscape with confidence as the October 2025 compliance deadline approaches [4] - The solution minimizes onboarding complexity, providing a significant cost advantage for financial institutions [2][3]