TechnologyTreasury tech update: Blackrock, LexisNexis and more

Treasury tech update: Blackrock, LexisNexis and more

The Global Treasurer’s monthly round-up of treasury tech news, including new partnerships, product launches and people moves

Morgan Stanley (June 2) has partnered with Microsoft with the aim of accelerating the firm’s digital journey and its cloud first strategy. The partnership will see Morgan Stanley use and develop financial service infrastructure on Microsoft Cloud for Financial Services.

BNY Mellon (June 8) will utilise Saphyre’s AI technology to improve client onboarding. By utilising AI, BNY Mellon hopes to “substantially” automate and, therefore, shorten the time it takes for onboarding new clients. This will also help to reduce fund launch times and enable better cross-border trading.

Oliver Wyman (June 10) in partnership with S&P Global Market Intelligence has launched Climate Credit Analytics, to help firms better assess climate risk. The solution will create scenario-adjusted financials and scores using data from both Oliver Wyman and S&P.

BlackRock (June 17) has agreed to a deal to buy Baringa Partners’ climate-modelling technology. Baringa’s Climate Change Scenario Model is used by investors and asset managers who together hold more than $15trn in assets. This tech will be used to develop climate risk models for BlackRock’s Aladdin risk management system.

LexisNexis (June 21) launched a new application to improve financial crime compliance. LexisNexis’ Financial Crime Digital Intelligence will use digital identity data to improve compliance workflows and mitigate sanction risks as more payments become digital.

Finastra (June 22) has partnered with Uni Systems to bring Finastra’s treasury, payment and risk software to markets in Europe. This will expand Finastra’s coverage in Central Europe and the Balkans.

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