Fintech firm Broadridge has been selected by First Abu Dhabi Bank (FAB) to support the expansion of the bank’s securities lending business in the UAE and the broader Middle East region. FAB will be using Broadridge’s Securities Finance and Collateral Management (SFCM) solution to enhance its coverage of global fixed income and equities markets.
Broadridge reveals in a press release that the SFCM platform is the first software as a service (SaaS) based on Amazon Web Services (AWS) to be used in the region. Its deployment “highlights a renewed focus on the Middle East”. The collaboration is expected to “yield new opportunities and efficiencies that will benefit clients across the globe”.
