DTCC aims to fully automate the corporate actions lifecycle from end-to-end.
The AI-powered investment management and asset servicing platform has closed a $40m funding round.
State Street was previously the sole servicer.
Asset servicing has been expanded to include Australia, UK and Ireland.
State Street’s strategy is to create the number one asset servicer globally.
It is hoped that BNY Mellon will provide transfer agency and ETF services when the fund converts to an ETF.
Deal expands BNY Mellon's digital offerings and core capabilities.
A machine learning-powered document capture capability is the foundation of a multi-year investment.
Pete Cherecwich, president of Northern Trust Asset Servicing, looks to protect the business’ future.
