Broadridge Financial Solutions has purchased a distributed ledger technology (DLT) platform developed by Northern Trust for private equity asset servicing, and plans to develop a system that will offer additional capabilities for PE activities. “Broadridge is expanding its footprint in the asset management industry and the PE industry is ripe for disruption,” a Broadridge spokesperson… Read More >>
Northern Trust Transforms PE Clauses into Smart Contracts
Northern Trust reports that it has added to its private equity services by enabling private equity participants to negotiate, review and digitally sign legal agreements via an administrative blockchain. Officials say that Northern Trust and its partners have developed a way to deploy legal clauses as smart contracts in a direct way from a digital… Read More >>
Northern Trust Secures U.S. Patents for DLT Solutions
Officials at custodian bank Northern Trust report that the firm has been awarded two U.S. patents for inventions based upon distributed ledger technology (DLT) that are intended to provide “the efficient, secure and transparent management of lifecycle events within private equity fund administration,” officials say. The patents are a key aspect of the firm’s push… Read More >>
Asset Managers Forced to Wring More Value Out of Data
Asset managers are facing a challenging dynamic in that they have to deal with ever-greater data flows and are under pressure to make the most of that data. Many asset managers say they are not squeezing value out of their data. In a recent survey conducted by The Economist Intelligence Unit (EIU) and sponsored by… Read More >>
