“Time is a finite and precious commodity,” says BNY Mellon as it looks to expedite client onboarding process through Saphyre partnership.
State Street has appointed LAB Group to automate and enhance the client onboarding experience for Australian fund manager clients.
Custodian pilots new solution with BlackRock, digitising the custody account opening workflow through Saphyre’s technology.
CACEIS carried out the migration process involving 26 Luxembourg law sub-funds accounting for some €10 billion in assets.
Calls, emails and video conferences replace in-person meetings as custodians look to adapt and continue onboarding clients.
Custodians have highlighted the need to have a single-client view and digitise the account opening process.