First Abu Dhabi Bank taps Broadridge to build out securities finance business

First Abu Dhabi Bank (FAB) has partnered with Broadridge Financial Solutions to enhance its global agency securities finance business in the Middle East. Utilizing Broadridge's Securities Finance and Collateral Management (SFCM) solution, FAB aims to expand its securities lending capabilities, focusing on fixed income and equities markets. This innovative approach, hosted on AWS, will support various trading activities, including repo and collateral management. FAB's initiatives, including the recent launch of MENA Securities Services for Asset Managers, aim to offer comprehensive services across the region, enhancing its position in the financial sector. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: BankingTech – FinTech Futures