Making Financial Headlines · Page 10

Broadridge's financial plumbing gets a proposed digital renovation

Broadridge is deeply embedded in Wall Street's financial infrastructure, but some investors see artificial intelligence and tokenization as potential threats to its business. Tokenization represents assets as digital tokens, a possible change in how financial records and transactions are handled. The technology may also expand Broadridge's role, according to CNBC's assessment. That makes the company both a possible beneficiary of an upgrade and a business investors are testing against disruption. Financial plumbing rarely gets a glamorous launch event, but changing the pipes still requires someone to keep the system running.

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