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Industry roundup: 2 June

IBM aims to illuminate transaction blind spots 

IBM aims to remove supply chain blind spots and provide predictive insights from AI with its Sterling Business Transaction Intelligence (BTI) Enterprise and Multi-Enterprise Editions. These editions build upon the IBM Sterling Business Transaction Intelligence Basic Edition complimentary capability of  IBM Sterling Supply Chain Business Network (SCBN). Sterling BTI Basic Edition leverages AI - including natural language search and anomaly detection -  to provide business and IT users self-service visibility of  transaction data in real time and in context.

The Sterling BTI Enterprise Edition AI machine learning capabilities provides users with alerts of all delayed (or late) orders. It also provides cycle time predictions which help determine the probability of events - such as when an order acknowledgement will be received or when an order will be shipped-in-full - so the user can monitor the orders that may not make your on time, in full expectations.

The Sterling BTI Multi-Enterprise Edition uses IBM Blockchain to create a secure, shared, single version of the truth for B2B transactions. Corporates can deepen trust and transparency across the partner ecosystem with invitation-only blockchain access that allows trading partners to see the same chronological history of events and documents. Each partner maintains control of what data is shared with whom in the relationship. Embedded AI machine learning provides proactive discrepancy alerts and predicts completion of events to get ahead of potential issues.

With blockchain, the buyer, supplier and carrier can join a secure, immutable relationship and gain consensus on the data they want to share to create one version of the truth. This keeps everyone on the same page, at the same time to reduce frequency and volume of disputes.

 

Northern Trust partners with BlackRock to enhance digital servicing for mutual clients

Northern Trust has entered into a strategic alliance with BlackRock to deliver enhanced operations, data, and servicing capabilities to mutual clients. These capabilities, delivered through Aladdin, BlackRock’s investment management and operations platform, are designed to provide clients with increased efficiency, interoperability and transparency across the back, middle and front office.

The relationship with BlackRock currently supports mutual clients and is an extension of Northern Trust Whole Office, an approach that integrates Northern Trust’s global asset servicing platform with partners, facilitating client access to technologies, services and solutions.

The alliance with BlackRock builds on a series of Northern Trust partnerships and strategic investments to provide solutions that span the investment lifecycle, including:

  • Outsourced trade execution for asset managers and owners, and a digital and service platform for global asset allocators.
  • Currency management and FX algorithmic trading.
  • Integration with industry trading platforms.
  • Collateral optimisation, risk analytics and digital innovation for asset servicing.

 

Vertical Knowledge collaborates with Amazon Web Services

Vertical Knowledge is working with Amazon Web Services (AWS) to offer subscriptions to alternative data sets on AWS Data Exchange. Vertical Knowledge says the data it collects by provides actionable insights for Fortune 500 companies, hedge funds, and sell-side institutions, and is now available to companies through AWS Data Exchange. 

Within AWS Data Exchange, subscribers are able to gain insight from applying third party artificial intelligence (AI) and machine learning (ML) tools to Vertical Knowledge’s available data products. Vertical Knowledge automates internet-based tasks that support accurate, reliable, and compliant alternative data through its end-to-end robotic process automation (RPA) platform. From a global proxy network to Intelligent Automated Workflows, Vertical Knowledge says its RPA platform delivers public data at scale to the most data-demanding industries.

 

Bloomberg and J.P. Morgan target post-trade efficiencies

J.P. Morgan’s Securities Services and Bloomberg have announced a collaboration on a solution that is designed to transform the post-trade workflow through direct front-to-back process, product, and data integration. Bringing together Bloomberg AIM, an investment and order management system, with J.P. Morgan’s back office technology and operational expertise, it is designed to provide a seamless and fully-integrated real-time settlement process that mitigates buy-side clients’ operational costs. The offering is now live and in production with the first joint Bloomberg and J.P. Morgan’s Securities Services client and is being made available to other buy-side clients.

Clients can achieve real-time post-trade workflows, enriched with custodian data, while operating within their existing Bloomberg AIM order management system.  By centralising and streamlining operational processes and data integration, this offering reduces manual touchpoints and provides increased transparency, thereby mitigating post-trade risks and costs. This is the first of a series of ongoing front-to-back integration points between Bloomberg and J.P. Morgan’s Securities Services.

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