BNP Paribas’ Securities Services business has announced further integration of its multi-asset servicing capabilities with Bloomberg AIM. The extended feature enables “additional direct, standardised data connectivity” between the bank’s securities services’ global fund accounting solutions and Bloomberg AIM. Mutual buy-side clients can expect to benefit from better front-to-back data integration.
Bloomberg AIM is a buy-side order and investment management technology solution. BNP Paribas’ first integration with the solution was in 2023. Then, it enabled real-time post-trade workflows. This latest enhanced integration is a part of the bank’s efforts to develop an open-architecture approach with the aim to optimise integration between the clients’ portfolio management systems and BNP Paribas’ middle- and back-office capabilities.
The new direct connectivity offers faster data availability. Simultaneously, a secured transmission protocol ensures integrity and accuracy. Automated trade instruction captures and status updates enable greater transparency along the transactions’ lifecycles with minimal manual touch points.
Fund accounting data can now be directly uploaded into Bloomberg AIM, giving mutual buy-side clients a comprehensive view of their portfolios and the transactions used in calculating net asset values. This simplifies the start-of-day reconciliation and control checks.
According to Pam Samrai, head of Buy-Side Post Trade Product at Bloomberg, the integration “means greater operational efficiencies, more robust data governance, and more oversight and control across the entire investment process” for buy-side clients.
