Business
Merck Selects Broadridge to Transform Treasury Operations with Real-Time Account Visibility
Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, today announced that Merck has selected Broadridge to implement Swift's new Instant Cash Reporting service through its Swift Service Bureau (SSB) and SCORE+ services. The comprehensive solution enables Merck to transform treasury operations with real-time, on-demand access to balance and transaction information of more than 400 accounts globally.
About this update from Broadridge Financial Solutions, Inc.
[{"type":"text","content":"Global science and technology company joins Swift pilot programme, leveraging Broadridge's API orchestration capabilities for on-demand account visibility across 400+ accounts","length":179,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, LONDON, and FRANKFURT, Germany, Sept. 29, 2025 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, today announced that Merck has selected Broadridge to implement Swift's new Instant Cash Reporting service through its Swift Service Bureau (SSB) and SCORE+ services. The comprehensive solution enables Merck to transform treasury operations with real-time, on-demand access to balance and transaction information of more than 400 accounts globally.","length":514,"tagName":"p"},{"type":"text","content":"Broadridge's Swift Service Bureau is extensively proven to deliver fast-track access to the Swift network for the full range of financial messaging including payments, securities, derivatives and corporate actions, consistently delivering highly efficient financial transaction throughput, connectivity and proactive workflow control.","length":338,"tagName":"p"},{"type":"text","content":"As part of Swift's Corporate Evolution initiative, Instant Cash Reporting marks a significant advancement from traditional next-day reporting. Developed through the Swift Corporate Working Group, where Broadridge serves as a key provider representative, this innovation builds on Broadridge's longstanding commitment to optimizing operations across the financial ecosystem — including its pioneering ISO 20022 migration services for corporates launched in 2007.","length":474,"tagName":"p"},{"type":"text","content":""Broadridge has been instrumental in addressing a fundamental challenge in our corporate treasury — the complexity and cost of implementing proprietary APIs across multiple banks," said Johann Lee, Principal Expert at Merck KGaA, Darmstadt, Germany. "Its SCORE+ platform and Swift Service Bureau will provide a single, standardized channel for real-time account data from our banking partners, which will enhance cash management and improve our payment processing experience."","length":501,"tagName":"p"},{"type":"text","content":"Following the successful roll-out of payment tracking for inbound and o...