First Abu Dhabi Bank Partners with Broadridge for Global Securities Lending Expansion

In a landmark collaboration, First Abu Dhabi Bank (FAB) has joined forces with Broadridge Financial Solutions, a global figure in fintech, to advance the growth of the Securities Lending market in the UAE and the wider Middle Eastern region. This partnership is poised to provide innovative solutions tailored to the unique demands of the local market while aligning with international regulations and best practices.

This collaboration comes in response to an increasing demand for securities lending and borrowing practices within the Middle East. FAB's choice to leverage Broadridge's advanced Securities Finance and Collateral Management (SFCM) solution signifies a strategic movement towards modernizing its service offerings. By utilizing this leading-edge technology, FAB aims to expand its reach in global fixed income and equities markets, aligning itself with evolving market conditions.

Darren Crowther, who heads Broadridge's Securities Finance and Collateral Management division, expressed enthusiasm about the partnership, emphasizing the mutual commitment to innovation in trading processes. "Our initiatives are designed to streamline and enhance trading for clients engaged in securities lending and borrowing, ultimately driving efficiency and effectiveness in the Middle East," he noted.

One of the key features of this partnership is the introduction of Broadridge's agile SFCM platform, which marks the first deployment of AWS Software as a Service (SaaS) in the region. This groundbreaking move underscores both organizations' efforts to ensure that financial institutions like FAB can navigate the complexities of regional regulations effectively while drawing from a robust technological backbone.

As the demand for transparent and efficient lending solutions grows, the partnership stands to create new avenues of opportunity not just for FAB but for its clients across the globe. The continuous evolution of the financial landscape necessitates adaptability and innovation—qualities that this partnership seeks to uphold.

Broadridge Financial Solutions has established its reputation as a technology powerhouse within the financial sector, providing critical operational support and driving innovation. With a client roster that qualifies for over 7 billion communications annually and supporting the trading of more than $10 trillion securities globally, Broadridge's capabilities are set to advance FAB's operational efficiency.

The collaboration brings into focus the increasing importance of regional banks in aligning with global technology leaders to meet both local regulatory needs and international standards. In this fast-paced environment, it will be critical for banks to not only provide financial services but also initiatives that foster trust and innovation.

For FAB, this partnership is a step towards establishing itself as a leader in the financial services industry within the Middle East. By enabling a seamless integration of local and international securities finance practices, FAB is sharpening its competitive edge in a rapidly evolving market.

As the partnership unfolds, both FAB and Broadridge are committed to continuing their exploration of innovative solutions that cater to the changing dynamics of the capital markets in the region. With this strategic collaboration, they aim to deliver advanced offerings that not only meet the existing needs but also anticipate future market requirements.

This decisive move marks a significant moment for securities finance in the Middle East, indicating a future where regional banks can leverage a global perspective and stringent technological resources to serve their clients better. As FAB embarks on this journey with Broadridge, it sets the stage for an exciting evolution in how securities lending is performed in the region, reinforcing the future's potential for enhanced financial services capabilities.