The launch of the solution comes as BlackRock looks to make its Aladdin Provider platform a core infrastructure used between investment managers and asset servicers.
BNY Mellon predicts its new initiative will help traders predict approximately 40% of settlement failures in Fed-eligible securities.
The greenfield solution will utilise the cloud-based data technology and security to transform middle- and back-office operating processes of buy-side firms.
Over the past year, Deutsche Bank has accelerated its adoption of new and disruptive technologies for its securities services division.
TCS has extended its SaaS cloud-based asset servicing platform to include custody and settlements.
New applications meets growing demand for data, transparency and analysis capabilities from insurance clients.
Microsoft Azure cloud will host BlackRock’s flagship investment operations platform Aladdin to boost computing scale and client experience.
Cloud-based system set up by industry veteran and the driving force behind Citi Velocity Clarity is placing environmental sustainability at the heart of its business.
Citi launched the Clarity Velocity platform for its custody and fund services business in 2018, and has subsequently earned industry-wide recognition.