BlackRock and AccessFintech partner to increase post-trade connectivity between buy- and sell-side
<p><span class="TextRun SCXW115685016 BCX0" lang="EN-GB" xml:lang="EN-GB"><span class="NormalTextRun SCXW115685016 BCX0">The investment management giant has also invested in the fintech to support the...
BlackRock has signed a strategic partnership with AccessFintech to increase connectivity between buy-side firms and their sell-side, asset servicing and market infrastructure counterparties.
Sarah Shenton
Existing clients of BlackRock’s Aladdin investment management platform will gain real-time visibility into trade lifecycle events, connecting directly with brokers and custodians to resolve exceptions and reduce fails.
Sell-side participants and asset servicers will gain a new channel to engage with the network of global buy-side firms on the Aladdin platform.
The partnership also promises to deliver real-time multi-region data and AI-driven predictive analytics, while remediation processes are accelerated and operational risk reduced.
“BlackRock has accelerated its strategy in partnership with AccessFintech, integrating real-time data across the post-trade and asset servicing lifecycle. This delivers more efficient workflow, greater interoperability, and improved risk management,” said Michael Debevec, head of global investment operations at BlackRock.
“Our partnership extends these benefits to the wider Aladdin community, helping clients achieve higher operational performance and capacity throughout the investment lifecycle with a broader ecosystem of collaborators, enhancing the client experience.”
In addition to the partnership, BlackRock has made a strategic capital investment in the fintech firm, designed to support the company’s next phase of growth – including product innovation and global expansion.
“This partnership is a major milestone in our mission to unlock capital market efficiency at scale,” said Sarah Shenton, chief executive of AccessFintech.
“This investment will accelerate our efforts to bring to market the innovations that continue to drive alpha for our clients.”
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