The launch of the tool comes as regulators are preparing to increase scrutiny on asset managers to oversee their third-party providers.
The greenfield solution will utilise the cloud-based data technology and security to transform middle- and back-office operating processes of buy-side firms.
Asset managers and asset owners with over $100 billion in assets under management (AuM) said they plan to reduce their number of service providers.
The study from State Street of 300 buy-side firms showed less than a fifth were fully ready to comply from September 2021 or September 2022.
JP Morgan gives buy-side clients an eagle-eye view of their assets to meet rising collateral demands
JP Morgan's Collateral Transport tool will act as the 'brain' for buy-side firms to manage assets used for securities lending or to meet margin calls.
Providing real-time data services for its buy-side clients has been a core focus area for JP Morgan's securities services business.
UK institutional investors have become a key target for BNP Paribas, as it aims to drive new sales opportunities with asset managers and asset owners.
The move continues BNY Mellon’s evolution of its core asset servicing business, where it sees providing data management services as the next competitive battleground.
The FinTech firm has signed a partnership with Clearstream and has secured the commitment of Janus Henderson Investors which will use its CSDR solution.
Through the asset manager’s ‘Morgan Money’ trading platform, it has become the first in the market to offer automated settlement with Calastone's technology.