Northern Trust announced an expansion of its capabilities to support structured, rules‑based workflows across the entire account lifecycle for Investment Operations Outsourcing (IOO) clients. The enhanced offering builds on Northern Trust’s collaboration with Saphyre, a fintech company that facilitates account transitions to help clients more efficiently manage their complex middle-office operational events.
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The enhanced offering builds on Northern Trust’s collaboration with Saphyre, a fintech company that facilitates account transitions to help clients more efficiently manage their complex middle-office operational events.
The solution allows Northern Trust IOO clients to manage the full lifecycle of account events with greater transparency, control, and efficiency. A centralized workflow helps ensure data consistency across stakeholders, while strengthening operational governance and auditability for complex account changes and transitions. Intelligent automation and exception management reduce manual effort and operational risk, while faster execution of time sensitive events supports improved client service outcomes.
“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.”
Gabino Roche, Founder and CEO of Saphyre, said: “From the beginning, our collaboration with Northern Trust has focused on eliminating unnecessary friction in middle-office operations. 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.”
Northern Trust’s Global Fund Services provides a complete suite of Asset Servicing solutions including fund administration, global custody, investment operations outsourcing and data solutions – supporting a range of complex investment strategies across the full spectrum of asset classes.
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