BlackRock announced a partnership with AccessFintech aiming to deliver bilateral connectivity and real-time post-trade collaboration between the global buy-side. In addition, BlackRock made a strategic capital investment designed to support AccessFintech’s next phase of growth, including product innovation, global expansion, and deeper ecosystem integration. Terms were not disclosed.
The partnership will see the firms will integrate BlackRock’s Aladdin platform community with the 250+ capital markets and asset servicing institutions already connected to AccessFintech’s Synergy Network for secure, API-first connectivity between buy-side firms and their sell-side, asset-servicing, and market-infrastructure counterparties.
Sarah Shenton, CEO of AccessFintech, said in a statement. “This integration will enable interoperable, secure, and intelligent workflow across the investment lifecycle — delivering tangible benefits to the buy-side and enhancing collaboration for brokers, custodians and agent bank participants.”
Related to the capital investment, she said: “BlackRock shares our vision for what advanced technologies can do to transform the post-trade landscape, This investment will accelerate our efforts to bring to market the innovations that continue to drive alpha for our clients.”
Benefits for Aladdin clients include:
- Real-time visibility into trade lifecycle events and collaborate directly with brokers and custodians to resolve exceptions and reduce fails;
- Access to real-time, cross-asset, multi-region data and artificial intelligence (AI)-driven predictive analytics without changing existing infrastructure;
- Accelerated remediation processes and reduce operational risk across securities, private markets (loans), and derivatives (swaps).
Sell-side participants and asset servicers gain a new channel to engage with the global network of buy-side firms on the Aladdin platform, enabling faster resolution and prevention of exceptions and providing transparency for better decision-making to improve client outcomes.
“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, in a statement. “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.”