Broadridge Financial Solutions, Inc. (NYSE: BR), a global leader in fintech innovation, has announced that Merck has chosen Broadridge to implement Swift’s new Instant Cash Reporting service. Leveraging Broadridge’s Swift Service Bureau (SSB) and SCORE+ services, the initiative will provide Merck with real-time, on-demand access to balances and transaction details across more than 400 accounts worldwide, revolutionizing its treasury operations.

Broadridge’s Swift Service Bureau has long been recognized for delivering seamless connectivity to the Swift network, supporting a wide range of financial messaging from payments and securities to derivatives and corporate actions. The platform consistently ensures highly efficient transaction processing, robust connectivity, and proactive workflow management, making it a trusted solution for major corporates.

Instant Cash Reporting is part of Swift’s broader Corporate Evolution program, representing a major leap beyond traditional next-day cash reporting. The service was developed with input from the Swift Corporate Working Group, where Broadridge plays an active role as a key representative. This initiative builds on Broadridge’s track record of pioneering financial innovations, such as the introduction of ISO 20022 migration services for corporates back in 2007.

Johann Lee, Principal Expert at Merck KGaA, Darmstadt, Germany, emphasized the value of Broadridge’s approach, noting that it eliminates the complexity and expense of deploying proprietary APIs across numerous banking partners. With SCORE+ and SSB, Merck gains a unified, standardized channel for real-time financial data that will strengthen cash management and streamline payment processing.

The launch of Instant Cash Reporting follows the earlier success of Swift’s payment tracking capabilities for corporates, marking another milestone in the evolution of global treasury operations. Kai Marzenell, Director of Swift Product Management at Broadridge, highlighted that providing Merck with instantaneous access to financial data across its global banking network transforms how liquidity is managed, improving efficiency and enabling more agile decision-making.

Broadridge is also preparing to expand its offering with new API-enabled tools, including Stop & Recall features and advanced Payment Preparation functions, creating a more comprehensive, end-to-end payment ecosystem for corporates. For a company like Merck, which expects to generate around 900,000 intraday reports annually, the benefits are significant. With SCORE+, Merck can now extract details from up to 1,000 accounts in one call, a substantial improvement over traditional, fragmented bank-by-bank integrations.

By combining scalability, innovation, and simplified integration, Broadridge is setting a new standard for global treasury management, reducing complexity while empowering corporations with the agility needed to navigate today’s fast-changing financial landscape.