February 19, 2025 - 13:19
In a significant move to bolster asset recovery capabilities, BNP Paribas' Securities Services business has adopted Broadridge's Global Class Action Solution. This strategic partnership aims to maximize the recovery opportunities for its clients across the globe. With a robust portfolio of USD 13.7 trillion under custody, BNP Paribas is poised to leverage this advanced technology to streamline the class action claims process.
The Global Class Action Solution is designed to simplify and enhance the participation of investors in class actions, ensuring they can navigate the complex landscape of global securities litigation more effectively. By integrating this solution, BNP Paribas will provide its clients with improved access to potential recoveries, thereby reinforcing its commitment to delivering exceptional service in the competitive financial services market.
This collaboration reflects the growing trend of financial institutions seeking innovative technological solutions to meet the evolving needs of their clients, ultimately aiming to enhance efficiency and recovery outcomes in the ever-changing landscape of global finance.
