Northern Trust initiates cloud-based hub for asset servicing clients
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Northern Trust initiates cloud-based hub for asset servicing clients 05 May 2020Chicago Reporter: Maddie Saghir
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Northern Trust has launched a new version of its client-facing tool, Online Report Center, as a cloud-based service with a redesigned user interface for global asset servicing clients.
The report centre, available through Northern Trust passport, is used by more than 80,000 asset manager and institutional investor clients in more than 50 countries, generating three million reports per month.
The new features include enhanced scheduling and interactive reporting and report packaging capabilities, and event-based and time-based report generation triggers.
Additionally, it includes secure email attachments, email notifications, and SFTP (SSH File Transfer Protocol) report delivery.
Paul d’Ouville, global head of product and client solutions at Northern Trust asset servicing, said: “Data is critical to our clients, and we take a people-centric approach to identify and meet the individual data needs of specific users.”
He continued: “To ensure that our new cloud-based report centre provides optimal user experience, we surveyed clients and conducted interviews across multiple global organisations. The industry recognition for our redesigned platform validates our approach.”
Barb O’Malley, head of data and digital at Northern Trust asset servicing, added: “Powerful and intuitive digital channels are critical to providing valuable asset servicing solutions. We are making significant capital investments to provide seamless, omni-channel delivery for our clients. The report centre is a huge component of that.”
The new report centre platform is currently in its beta phase with a select group of clients. The full release for all clients will be available later this year.
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