Digital Banking

AmInvestment Bank deploys fintech solution for loan products

Photo: Adobe Stock

July 31, 2024

AmInvestment Bank, a subsidiary of the Ambank Group in Malaysia, selected Broadridge Financial Solution Inc.'s Securities Finance and Collateral Management platform to power its lending products. With this platform, AmInvestment can more easily manage trading, collateral and trade lifecycle events, according to a press release.

"An increasingly sophisticated and volatile market has made securities finance an important focus of our growing prime brokerage business," Tracy Chen Wee Keng, CEO of AmInvestment Bank, said in the release. "Broadridge's solution has a strong track record for delivering industry-leading systems, which will deliver a better experience for our customers. Additionally, we are now able to manage the operational aspects of securities lending more effectively, within a controlled and scalable environment, setting us up for robust future growth and adaptability to evolving market dynamics."

The platform is a software-as-a-service solution for securities finance, and is built for scalability.

"We are thrilled to enable AmInvestment Bank to expand their securities finance capabilities in the APAC region," Darren Crowther, head of Securities Finance and Collateral Management solutions at Broadridge, said in the release. "The financial landscape is rapidly evolving, and our Securities Financing and Collateral Management platform is designed to help forward-thinking institutions like AmInvestment Bank stay ahead in the market. This implementation is particularly significant as it addresses the growing need for sophisticated financial solutions amidst the opening of emerging markets and evolving stock lending agreements."