finsmart-news_admin 
Monex has announced its adoption of Broadridge Financial Solutions’ cloud-based SaaS platform to manage its JASDEC Processing Solutions (JASDECPS) system, which aligns with the upcoming requirements of Japan’s JASDEC2025 initiative. The transition is scheduled to be completed by May 2026.
The move represents a shift from Monex’s current on-premise deployment, in use since 2016, to a SaaS model hosted by Broadridge. The new system aims to enhance service stability, streamline operations, and reduce costs related to IT infrastructure and maintenance. This transition also positions Monex to meet the evolving regulatory and technological demands of Japan’s securities settlement system under JASDEC2025.
Transition to SaaS will enhance Monex’s stability and flexibility
Motoki Kitamura, Expert Director of Operations at Monex, commented, “Monex, Inc.’s history with Broadridge has been one of innovation and mutual growth, and this transition to a SaaS environment will allow Monex, Inc. to provide more stable services and flexibly adapt to Japan’s evolving financial landscape. We have great trust in Broadridge’s expertise, and with their support, Monex, Inc. will continue to deliver exceptional value to the clients.”
The JASDEC2025 initiative introduces updated standards for Japan’s Central Securities Depository system covering equities, corporate bonds, and investment trust settlements. Broadridge’s JASDECPS platform enables straight-through processing across the full transaction lifecycle and is being updated to meet the initiative’s technical and operational requirements.
David Runacres, President of APAC and Senior Country Officer of Japan at Broadridge, commented, “Monex, Inc.’s decision to transition to our cloud-based SaaS platform marks a significant step in optimizing their core operations and increase operational resiliency while remaining compliant with evolving market standards. This move underscores Broadridge’s ability to deliver transformative technology and trusted expertise to Japan’s financial and regulatory environment. We are committed to supporting Monex, Inc. as they embrace this transformative journey, enabling them to maximize cost efficiencies, operational resilience and resource allocation.”
Monex to eliminate hardware-related capital expenditures and reduce operational burdens
The SaaS deployment will allow Monex to eliminate hardware-related capital expenditures and reduce operational burdens linked to system upgrades and administration. Broadridge will manage software releases and maintenance through its data center, providing Monex with continuous access to updated platform functionalities and infrastructure support.
Broadridge Japan combines global technological standards with regional regulatory knowledge, enabling its clients to remain agile in the face of domestic policy changes. The partnership with Monex reflects a broader industry trend toward cloud-based solutions that support compliance, scalability, and operational efficiency in increasingly complex markets.
As JASDEC2025 implementation draws closer, financial institutions across Japan are updating systems to comply with new CSD protocols. Monex’s early move to SaaS positions it to adapt ahead of schedule while reallocating internal resources toward service innovation and client engagement.
Broadridge, listed on the New York Stock Exchange, continues to serve global financial institutions with digital transformation solutions across governance, communications, and operational technology. Its work with Monex reinforces its role in supporting Japanese firms during major infrastructure shifts in the capital markets ecosystem.
