Broadridge Partners With LiquidX launches InBlock TradeOps
LiquidX, a major international financial technology platform for digitization, monetization, and risk mitigation for trade finance has presented its InBlock TradeOps, a business process outsourcing (BPO) service, in association with Broadridge Financial Solutions.
The introduced new service delivers end-to-end middle and back-office operation arrangements in trade finance, blending the most advanced technology of LiquidX and the top-notch outsourcing capabilities of Broadridge.
“InBlock TradeOPs is the first complete arrangement that emphasizes lending and venturing in this multi-trillion dollar credit asset class, addressing all the operational difficulties.” stated Jim Toffey, CEO of LiquidX. “We are proud of TradeOPs’ adaptable pricing and serving structure that scales with the investor’s investments, enabling them to work intelligently, faster and cheaper with better investment returns.”
The service of TradeOPs utilizes the advanced digitization tools of InBlock to automate huge portions of the procedure. This helps trade finance investors such as banks and asset managers, to save significant expenses while approaching better real-time data to make smarter investment, risk, and compliance decisions.
“After our collaboration, and a thorough study of the trade finance industry, we believe InBlock TradeOps can help the industry save its operating expenses over the next decade,” stated Matt Connor, COO of Broadridge’s Global Technology and Operations Business. “We believe that InBlock TradeOps can help many companies save 30-50% on their operations expenses.”
“The market has conventionally emphasized resolving corporate client vulnerabilities, and we are excited to offer a solution that addresses difficulties created by legacy technology for asset managers, and area banks,” stated Dominic Capolongo, CRO of LiquidX. “The customers that have been utilizing this solution in beta for almost a year now have availed the benefits of InBlock TradeOPs. Carrying out our BPO service to a huge client base is an exciting new investment for both LiquidX and our strategic clients.”
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