Performance was driven by its private markets business and the implementation of an integrated banking model.
The new online tool comes as BNP Paribas accelerates its digital client experience initiatives for the securities services business.
The unprecedented wave of market updates network managers had to deliver to clients have sparked demands for markets to adopt permanent digitalisation efforts.
Custodians have been presented the perfect opportunity to push for regulators to adopt digitalisation and to do-away with requiring paper-based compliance.
Clearstream is planning to use its involvements in recent DLT projects as a steppingstone to developing its own digitised CSD.
The report from the UK central ban found that financial firms are spending upwards of $20 billion a year on post-trade processing systems alone.
The impact of the COVID-19 crisis on operations could stimulate work towards a digital post-trade framework between regulators and securities services firms.
FinTech partnerships have become an attractive alternative or compliment to relying solely on internal innovation.
Northern Trust is rolling out new capabilities using RPA and cognitive AI within a framework called its ‘Fund Accounting Optimisation Lab’.