US-listed listed Broadridge Financial Solutions has been selected by Holtzbrinck Publishing to streamline its communications with over 35 banks globally

The US fintech firm will aid the German company in increasing efficiency and improving its control over corporate treasury operations.

Holtzbrinck will use Broadridge’s international payments and integration solutions to create a single, integrated channel to manage communications across banks.

FinMApp, Broadridge’s integrated platform for financial messaging and workflow management, will be used to deploy the Electronic Banking Internet Communication Standard (EBICS), a financial messaging channel used in a number of European markets to support secure communication between financial institutions and corporates.

The system, FinMapp, is used in banking and capital markets, asset management and corporate treasury operations, delivering advanced transaction monitoring, management, translation and reporting on international payments to a user base of over 100 multinational organizations.

Andreas Günther, managing director of Data Control Solutions for Broadridge in Germany said: “We look forward to delivering the benefits of a unified service to help Holtzbrinck monitor transaction statuses in real time, manage confirmation and settlement cut-off times and reduce exposure to processing exceptions.”