Through the solution, clients will be able to access BNY Mellon’s full suite of cash, treasury and custody services through Hazeltree’s treasury management technology
The project seeks to improve efficiency in the sales of funds, and to create “a faster, simpler, more effective and reliable fund market”, replacing manual routines and paper-driven processes
With improvements spanning across the loan production, servicing and technology functions, the Precision LM 3.0 upgrade also includes expandable web services, helping to improve operational efficiency
The new updated programme, Extensible Markup Language allows Linedata clients to match transactions across extended asset classes, and enables trade processing on one platform
The IZNES platform, based on blockchain technology, allows investors, asset management firms, distributors and wealth management advisors to quickly access fund units, while connecting firms with investors
The acquisition is expected to provide positive returns on capital, as well as enhance Nasdaq's Global Information Services business by allowing the stock exchange to broaden its reach into the buy side
