What’s Behind First Abu Dhabi Bank’s Partnership with Broadridge?

2 min read | December 11, 2024 12:00 AM PST | By Team Kalkine Media

What’s Behind First Abu Dhabi Bank’s Partnership with Broadridge? — Image source: Shutterstock

Strategic Partnership

FAB, a leading financial institution in the UAE, has chosen Broadridge Financial Solutions (NYSE:BR) to strengthen its global securities finance operations. This collaboration is a significant step in expanding FAB's securities lending and borrowing capabilities across global markets, particularly focusing on fixed income and equities.

Enhanced Coverage of Global Markets

With Broadridge’s Securities Finance and Collateral Management (SFCM) solution, FAB is set to enhance its coverage of international fixed income and equities markets. The partnership will provide a sophisticated infrastructure to manage complex securities transactions, streamline processes, and ensure compliance with global regulations.

Technological Advancements

A key aspect of this collaboration is the deployment of Broadridge’s platform via AWS SaaS. This represents the first such deployment in the region, marking a milestone for both Broadridge and FAB. The use of cloud technology will facilitate more efficient management of securities finance activities, contributing to greater flexibility and scalability in the region’s financial services.

Commitment to Strategic Growth

The partnership aligns with FAB’s strategic goals of strengthening its presence in global markets while ensuring operational efficiency and regulatory compliance. By leveraging Broadridge’s expertise and advanced technology, FAB aims to solidify its position in the global securities finance sector, enhancing its capabilities to navigate the complexities of borrowing and lending securities.

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