BlackRock, Inc and AccessFintech, a data and workflow collaboration network for financial markets, have launched a strategic partnership. Through Aladdin®, BlackRock’s technology platform that unifies the investment management process, the firms will aim to deliver bilateral connectivity and real-time post-trade collaboration between the buy-side Aladdin platform community, and the over 250 capital markets and asset servicing institutions connected to AccessFintech’s Synergy Network. The integration seeks to enable secure, API-first connectivity between buy-side firms and their sell-side, asset-servicing, and market-infrastructure counterparties. Sell-side participants and asset servicers will gain a new channel to engage with the global network of buy-side firms on the Aladdin platform, enabling faster resolution and prevention of exceptions and providing transparency for better decision-making to improve client outcomes. BlackRock has separately made a strategic capital investment in AccessFintech designed to support the company’s next phase of growth, including product innovation, global expansion, and deeper ecosystem integration. Terms of the investment were not disclosed.
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