BNP Paribas and Bloomberg AIM Enhance Front-to-Back Office Models

BNP Paribas’ Securities Services business, a leading global custodian with USD 13.7 trillion in assets under custody, announced the further integration of its multi-asset servicing capabilities with Bloomberg AIM, a leading buy-side order and investment management technology solution. The extended feature enables additional direct, standardized data connectivity between Securities Services’ global fund accounting solutions and Bloomberg AIM, facilitating front-to-back data integrations for mutual buy-side clients. This improvement is part of the bank’s continued effort to develop its open-architecture approach, aiming to optimize integration between clients’ portfolios management systems and BNP Paribas’ middle- and back-office capabilities. Since the initial integration with Bloomberg AIM announced in May 2023, the solution has been delivering real-time post-trade workflows, enhanced by BNP Paribas’ middle office outsource data. The direct connectivity offers faster data availability, while a secured transmission protocol ensures its integrity and accuracy. Through automated trade instruction captures and status updates, clients can benefit from greater transparency along transactions’ lifecycle with minimal manual touchpoints. The extension of this strategic connected model allows the direct upload of fund accounting data into Bloomberg AIM. This provides mutual buy-side clients with a comprehensive view of their portfolio and transactions used in the calculation of Net Asset Values, which eases their start-of-day reconciliation and control checks. The extensive instrument coverage of this model also speeds up the onboarding for new clients, funds and share classes whilst simplifying clients’ involvement in the implementation phase.