Broadridge Financial Solutions Inc. (NYSE: BR) announced a strategic partnership and minority investment in CENTRL, an AI-powered due diligence solutions provider for financial institutions. The partnership aims to enhance Broadridge's data and analytics offerings for asset management and retirement advisory industries.

The collaboration will integrate CENTRL's AI-driven workflow and automation capabilities across Broadridge's solutions serving asset managers, retirement recordkeepers, and retirement advisors. This includes modernizing Broadridge's Fi360 RFP Director and embedding Broadridge data into CENTRL's workflows.

"This partnership represents an important step in expanding our AI-enabled capabilities and delivering greater value for clients across our platform," said Dan Cwenar, President, Data-Driven Fund Solutions at Broadridge.

CENTRL's platform addresses challenges in the financial services industry, including increasing regulatory scrutiny and manual due diligence processes. The AI-driven technology aims to reduce manual touchpoints, eliminate redundant data gathering, and improve accuracy in due diligence workflows.

"Together, we are bringing AI-driven intelligent automation to some of the industry's most complex and resource-intensive processes," said Sanjeev Dheer, Founder and Chief Executive Officer of CENTRL.

Through the partnership, Broadridge clients will gain access to CENTRL's due diligence management and response platforms, with integration of Broadridge's distribution data and analytics. CENTRL, based in Silicon Valley, serves clients including eight of the top 30 global banks and leading asset allocators and managers across the Americas, Europe, the UK, and Australia.

The information is based on a press release statement from Broadridge Financial Solutions Inc.