Broadridge Financial Acquires Rockall

Broadridge Financial Solutions, Inc. announced that it has acquired Rockall, a provider of securities-based lending (SBL) and collateral management solutions for wealth management firms and commercial banks. Rockall currently enables the management of more than $3 trillion worth of collateral daily for some of the world’s top banks, and 10 of the top 30 U.S. banks use Rockall’s technology to streamline collateral management, safeguard against credit risk and enhance lending. Two key offerings Rockall provides include: a cloud-based wealth lending solution, FASTNET (which automates the evaluation, monitoring and management of SBL) and an enterprise banking collateral management solution, COLLATE (which supports strategies and change levers that drive enhanced credit risk management, regulatory reporting, process simplification, and capital efficiency).