-- Northern Trust (NTRS) said Wednesday it expanded its collaboration with Saphyre to enhance its capabilities for supporting structured, rules-based workflows across the full account lifecycle for investment operations outsourcing clients.
The offering enables clients to manage the full lifecycle of account events with greater transparency, control, and efficiency, while a centralized workflow supports data consistency and strengthens operational governance.
Automation and exception management also reduce manual effort and operational risk, while faster execution of time-sensitive events supports improved client service outcomes, according to a statement.
Shares of Northern Trust were down nearly 2% in Wednesday trading.
Price: $168.41, Change: $-3.33, Percent Change: -1.94%