To support banks to accelerate their transition to SWIFT payments in real time before the October 2025 deadline, Broadridge Financial Solutions, Inc. (NYSE: BR) announced the significant adoption of its connectivity, message processing and work flow management for direct payments.
This move follows a strong withdrawal from European banks, reflecting Broadridge’s commitment to enhance the speed and effectiveness of financial transactions across the continent.
“With direct payments now a regulatory necessity, financial institutions are actively seeking escalating and cost -effective solutions that provide uninterrupted compliance and real -time payment preparedness,” said Kai Marzenell, director of Swift Product Management at Broadridge. “Our solution not only minimizes the complexity of boarding, but it also offers financial institutions an important cost advantage, allowing them to work better, innovate and grow.”
Since the start of the solution in the fall of 2024, Broadridge has successfully boarded seven customers in just five months, allowing real -time payments through corporate relationships with key banking providers, such as CPB software (formerly EFDIS), as well as direct payment providers such as Foconis. Providing smooth integration into the European Central Bank’s Instant Payment Settlement System (TIPS), Broadridge provided banks a high availability infrastructure that ensures that transactions arrange 24 hours a day with no interruption.
“The speed of onboarding was a player who will change in this collaboration,” said Christian Wust, CEO of CPB Software (Germany) GmbH. “While most providers take six months or more per institution, Broadridge has helped our customers live in just five months, covering multiple banks in this time frame.
The Broadridge party model developed in collaboration with the European Central Bank’s advice system is a key factor in adopting customers, significantly reducing costs, simplifying compliance and minimizing market time.
“With the October 2025 deadline for full compliance, banks are under pressure to meet immediate payment requirements,” said Heidi Dittmar, CEO of Swift Services Broadridge. “Working with Broadridge has allowed our customers to effectively integrate real -time payments and browse the evolving regulatory landscape with confidence.”
The Broadridge infrastructure offers “active-active” failure in two data centers that ensure the availability of uninterrupted service. This feature significantly reduces the risk and enhances durability, allowing banks to proceed with strict scenarios of failure of real-world pre-tests, setting a new reference point for immediate payment infrastructure.
In addition, Broadridge’s partnerships with CPB software and Foconis have contributed to rapid growth for financial institutions.
The Broadridge service for instant payments is built for continuous operation, processing in less than 10 seconds without interruption time, with immediate Swiftnet connectivity for improved performance. This allows banks to support large volume transactions, not only for the current set of direct payment transactions, but also for the preparedness of the future transition of all types of payments to the immediate payment model.