Broadridge Financial Solutions and Xceptor announced a strategic partnership on November 19, 2025 to deliver a unified digital platform that automates the entire lifecycle of global tax relief‑at‑source and tax reclaim processes for financial institutions worldwide.
The partnership is driven by the growing complexity of cross‑border tax operations, intensified regulatory requirements such as MiKaDiV and EU FASTER, and the fact that roughly $200 billion of withholding tax is deducted annually, with an estimated 25 % left unclaimed by rightful owners. By combining Xceptor’s data‑automation expertise with Broadridge’s Global Tax & Client Reporting Solution, the joint offering will enable clients to identify relief opportunities, monitor eligibility, and manage documentation across multiple jurisdictions, thereby reducing operational risk and compliance costs while accelerating reclaim processing.
Tom Burke, President of Global Asset Servicing at Broadridge, said the collaboration “expands our global asset‑servicing footprint by adding next‑generation intelligent tax automation, allowing clients to move beyond manual, fragmented processes and improve accuracy, speed, and compliance across markets.” Michiel Verhoeven, CEO of Xceptor, added that the partnership delivers “best‑of‑breed product functionality, intelligent data automation, and deep domain experience for clients navigating complex tax environments.”
The two companies will integrate Xceptor’s Tax Processing solution—trusted by institutions such as Deutsche Bank, Northern Trust, and U.S. Bank—into Broadridge’s existing tax and client‑reporting platform. The result is a single, end‑to‑end solution that automates tax documentation management, rate determination, and U.S. tax reporting, while also providing real‑time eligibility monitoring and claim submission workflows.
Industry analysts note that competitors such as Thomson Reuters, Bloomberg, and S&P Global also offer tax‑reclaim modules, but the Broadridge–Xceptor platform’s deep integration with Broadridge’s asset‑servicing infrastructure gives it a distinct advantage in terms of scalability and client data connectivity. Broadridge expects to begin pilot deployments with a subset of its largest asset‑servicing clients in the first quarter of 2026, with a broader rollout planned for the second half of the year.
By addressing a $200 billion market opportunity and positioning itself as a one‑stop solution for tax compliance, the partnership strengthens Broadridge’s competitive moat in the asset‑servicing space and signals its commitment to delivering end‑to‑end automation for complex regulatory environments.
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