Chicago-headquartered custodian has created a service to cover all points of the investment lifecycle with landmark BlackRock partnership becoming a key component of the plan.
According to the two global custodians, both had reported a rise of at least 50% in back-office transactions in March verses the first two months of the year.
The pilot will perform reporting scenarios on a user’s crypto currency holdings with Gemini Custody, and can be adapted to report on holdings of security tokens.
The new technology will help banks that have relied on multiple reconciliation platforms that use legacy technologies which can be up to 20 years old.
Asset managers are looking to train their teams across the front-, middle- and back-office in order to give them a full end-to-end picture of the investment process.
New client dashboards to provide greater transparency into workflows and metrics.
SS&C has signed on a number of leading buy-side firms and financial institutions to its various automated middle- and back-office platforms.
Northern Trust's technology launches have been focused on providing added transparency and enhancing investor experience for hedge funds.
