Pershing partners with software provider Objectway to offer clients a ”straight-through processing” solution.
New digital client portfolio management tools will be one of the benefits coming out of the agreed collaboration between post-trade firm Pershing and its system vendor Objectway. A new investor portal will be another. This is noted in an article on news site Global Custodian.
Single contact point
The new front-end take is intended to build on BNY Mellon-owned Pershing’s position in traditional post-trade services.
”The addition of these integrated front-end tools enhance our core clearing and custody proposition and will offer a simplified solution with a single point of contact for wealth management clients across the EMEA region,” said Pershing CEO Geoff Towers, according to Global Custodian.
Gets the client straight through
Since earlier, Pershing offers integration with some solutions in for example data warehousing and front-end. With Objectway, Pershing intends to implement a so called STP solution under a single contract – where STP stands for straight-through processing.