Broadridge And Kyndryl Partner In Canadian Wealth Management
Portfolio Pulse from Benzinga Newsdesk
Broadridge Financial Solutions, Inc. (BR) is set to acquire Kyndryl's Securities Industry Services (SIS) wealth and capital markets technology platform, aimed at enhancing services for Canadian financial firms. Kyndryl will partner with Broadridge Canada to provide managed services for SIS.
May 13, 2024 | 12:50 pm
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POSITIVE IMPACT
Broadridge's acquisition of Kyndryl's SIS platform could enhance its offerings in the Canadian financial services sector, potentially leading to increased market share and revenue.
Acquiring Kyndryl's SIS platform allows Broadridge to expand its technology and services in the Canadian wealth and capital markets, likely leading to increased client base and revenue growth. The partnership for managed services further supports operational efficiency.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Kyndryl's partnership with Broadridge for the SIS platform's managed services could lead to sustained revenue streams and strengthen its position in financial services technology.
By partnering with Broadridge for managed services post-sale of the SIS platform, Kyndryl can secure a continuous revenue source and leverage Broadridge's market presence to enhance its standing in the financial technology sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70