Latest FinTech investment for Northern Trust combines data analytics and specialist behavioural coaching to provide a feedback loop for active investment decisions as custodians continue to collaborate.
European bank becomes the sixth broker-dealer to join the service, which already includes Bank of America, Credit Suisse, Instinet, Societe Generale and Wedbush.
Second annual ISSA survey shows increasing exploration of DLT among securities market participants, coupled with a greater focus on commercialisation.
Project Ion demonstrates capability of DLT to support T+1 and T+0 settlement, with planned launch of platform in first quarter of 2022.
Northern Trust automates data extraction from investment documents in partnership with Microsoft Azure
Solution leverages Microsoft Azure Applied AI Services to extract unstructured data for actionable insights as part of its efforts to digitise alternative asset servicing.
Collateral and margin management specialist has connected with a significant number of custodians given its relative infancy in the space.
The new platform will provide greater insights and transparency into ESG portfolio risks and follows similar moves by other fund administrators.
Research shows majority of participants are still relying on manual corporate actions processes, with a pressing industry need for automation and quality corporate actions data.
Innovation expert with track record across multiple custodians re-joins HSBC in chief digital role in Singapore.
The project will develop prototype platforms that will allow direct transactions between financial institutions in the digital currencies issued by participating central banks.