Maybank Investment Bank partners with Broadridge to launch a Shariah-compliant Securities Borrowing and Lending (SBL) platform, improving customer experience and cost management.
Facts
- Malaysia’s Maybank Investment Bank collaborates with Broadridge Financial Solutions for a proprietary technology in SBL.
- Maybank IB utilizes Broadridge’s SFCM solution to introduce a new SBL offering for institutional investors.
- The platform is fast, transparent, and Shariah-compliant, enhancing customer experience and cost management through automation and STP functionalities.
- The platform is scalable to other regions.
- Tengku Ariff Azhar, Maybank Investment Bank’s COO, praises the comprehensive platform created in partnership with Broadridge.
- Maybank aims to be the first in Malaysia to offer Shariah-compliant SBL for retail investors next year.
- Maybank IB is part of Maybank Investment Banking Group, Southeast Asia’s fourth-largest bank, offering various financial services.
