Northern Trust has deepened its partnership with Saphyre to help Investment Operations Outsourcing (IOO) clients raise operational efficiency. It features new tools to support the entire account management lifecycle with structured, rules-based workflows.
This new and improved solution offers a means to untangle complicated middle-office processes by unifying workflows and enhancing data quality and consistency among various stakeholders. Deploying automated routines together with smart exception-handling, the system lessens manual work and simultaneously reinforces governance, transparency, and auditability important factors for financial entities in a regulated environment.
Using the latest features, IOO clients of Northern Trust are able to carry out account-related activities starting from onboarding and going through transition modification etc.in a controlled and well-informed manner. The methodology also leads to quicker performance of urgent tasks and this, in turn, enables businesses to give better service outcomes and at the same time keep operational risks at a minimum.
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“At Northern Trust, our ongoing commitment is to drive greater efficiency across investment operations by harnessing advanced automation and innovative technology,” said Ryan Burns, head of Global Fund Services, Americas at Northern Trust. “The expanded capabilities we offer with Saphyre reinforce our commitment to reducing manual workload and increasing transparency. This approach streamlines client processes and helps position Northern Trust at the forefront of operational excellence across the industry.”
The partnership builds on Saphyre’s expertise in digitizing pre-trade data and workflows across financial ecosystems, connecting asset managers, hedge funds, custodians, and other market participants. Its platform maintains a persistent record of data and documentation, reducing the need for repeated submissions and enabling seamless information exchange across counterparties.
“From the beginning, our collaboration with Northern Trust has focused on eliminating unnecessary friction in middle-office operations,” said Gabino Roche, Founder and CEO of Saphyre. “Expanding coverage to include the full account lifecycle reflects growing client demand for automation not only at account opening, but at every major transition point. Together with Northern Trust, we’re enabling firms to manage these events with clarity, confidence, and scale.”
The expanded offering reinforces Northern Trust’s broader strategy to modernize investment operations, providing clients with a more integrated and scalable approach to managing increasingly complex financial workflows.
