- Broadridge Financial Solutions (BR, Financial) has onboarded seven clients to its instant payments service in just five months, ahead of the EU's October 2025 regulatory deadline.
- The service ensures transactions are processed in under 10 seconds with zero downtime, enhancing banks' compliance capabilities.
- Partnerships with CPB SOFTWARE and Foconis have facilitated rapid deployment and integration with the European Central Bank's TIPS system.
Broadridge Financial Solutions (BR) is witnessing notable market uptake for its instant payments service, strategically aligning with banks in Europe to prepare for the forthcoming EU regulations set for October 2025. The rapid adoption of Broadridge’s solution, which has successfully onboarded seven clients in just five months, highlights its growing influence in financial technology infrastructure.
This service seamlessly integrates with the European Central Bank's Target Instant Payment Settlement (TIPS) system, offering a streamlined instructing party model that minimizes the complexity and cost for financial institutions. This capability positions Broadridge as a pivotal enabler for banks to meet new compliance requirements efficiently.
Broadridge's instant payments solution processes transactions in less than 10 seconds, ensuring 24/7 availability with its robust "active-active" failover system across two data centers. This infrastructure not only supports current payment models but also provides scalable readiness for future expansions into other instant payment types.
Strategic collaborations with CPB SOFTWARE and Foconis have further accelerated the deployment process, enabling Broadridge to bring its clients live within five months, a significant reduction compared to the industry standard timeline. The agility demonstrated in these partnerships underscores Broadridge's competitive edge in delivering swift and reliable payments solutions to financial institutions under regulatory deadlines.
