To support banks in accelerating their transition to real-time Swift payments ahead of the October 2025 European deadline, global fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) has announced the significant market adoption of its service for connectivity, message processing and workflow management for instant payments. This move follows robust take-up by European banks, reflecting Broadridge's commitment to enhancing the speed and efficiency of financial transactions across the continent.

"With instant payments now a regulatory necessity, financial institutions are actively looking for scalable and cost-efficient solutions that ensure seamless compliance and real-time payment readiness," said Kai Marzenell, Director, Swift Product Management at Broadridge. "Our solution not only minimizes onboarding complexity but also offers financial institutions a significant cost advantage, enabling them to better operate, innovate and grow."

Since launching the solution in the fall of 2024, Broadridge has successfully onboarded seven clients in just five months, enabling real-time payments through partnerships with key core banking solution providers, such as CPB SOFTWARE (formerly EFDIS), as well as instant payment application providers, such as Foconis. By providing seamless integration with the European Central Bank's Target Instant Payment Settlement (TIPS) system, Broadridge has provided banks with a high-availability infrastructure that ensures transactions settle 24/7, with zero downtime.

"Speed of onboarding was a game-changer in this collaboration," said Christian Wust, Managing Director at CPB SOFTWARE (GERMANY) GMBH. "While most providers require six months or more per institution, Broadridge helped our clients go live in just five months, covering multiple banks in that timeframe. This level of agility is a major advantage in today's fast-moving payments environment."