BNP Paribas’ Securities Services business has announced it is further integrating its multi-asset servicing capabilities with Bloomberg AIM.

Bloomberg AIM provides global, multi-asset solutions for portfolio management, trading, compliance and operations.

The move will enable additional direct, standardised data connectivity between the Securities Services business' global fund accounting solutions and Bloomberg AIM, facilitating front-to-back data integrations for mutual buy-side asset management customers.

The further integration forms part of the bank's aims to develop its open-architecture approach, with the hope of optimising integration between client portfolios management systems and its middle- and back-office capabilities.

The two companies announced their initial integration in May 2023.

The bank said that since then, the solution has been delivering real-time post-trade workflows enhanced by BNP Paribas’ middle office outsourcer data.

It added that the direct connectivity offers faster data availability, while a secured transmission protocol "ensures its integrity and accuracy."

Additionally, via automated trade instruction captures and status updates, the bank claims its customers can benefit from greater transparency along transactions’ lifecycle with minimal manual touchpoints.

“Offering a seamless front-to-back office model is crucial for asset managers in maintaining efficiency in this increasingly competitive market context," said Valérie Boléa-Waeterloos, open front office strategy and integrated models lead, Securities Services, BNP Paribas. "As we continue to invest in developing adaptive, lasting solutions for clients, this long-term collaboration with Bloomberg enables clients to develop the most integrated model that adapts to their current and future needs."

The new tool has been rolled out to several EMEA and APAC-based clients with assets under management from $10 billion to $98 billion (USD).

Investitori SGR, an Italian asset management company which is part of the Allianz Group, is one of the companies using the recent integration upgrades.

"Real-time data communication speeds up matching activities," said Emanuele Vizzini, general manager at Investitori SGR, Allianz Group. "We have already seen significant improvements of our daily control checks and data completion, particularly in facilitating the reconciliation between IBOR/ABOR and alignment of data. A technological partnership that fosters our investment solutions, on behalf of our customers.”

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