Intelligent document capture marks the first step in the custodian's alternative asset servicing plan, built on machine learning, artificial intelligence and cloud computing solutions.
Digitalisation, new technologies and cyber threats are atop the list of challenges and opportunities for network managers who are facing a major turning point in the their roles.
Significant cost pressures have been a driving force behind innovation, and custodians are planning to devote a greater proportion of revenues to innovation investment.
It represents the market’s first multi-dealer led, primary issuance registration and settlement of digitally native tokens using public blockchain technology.
Northern Trust has undertaken a number of ambitious digitisation efforts through partnerships and internal projects to transform its asset servicing business.
While satisfaction in the digital capabilities of transfer agents and fund administrators appear to be at a low, it is paving the way for new entrants to showcase their abilities, according to Ultimus Fund Solutions.
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.