Northern Trust Aims to Automate Institutional Transfer Agency

This year the bank will roll out a new platform that uses an event-driven architecture to automate workflows in transfer agency.

data architecture

For 2019, Northern Trust is looking to automate a market that has been notoriously manual and paper-driven—transfer agency. At the core of the project is the bank’s new global asset servicing platform, Matrix, says Peter Cherecwich, head of the corporate and institutional services business at Northern Trust.

“Matrix is our new platform that we’re developing that will revolutionize our entire custody accounting and transfer-agency platforms,” he says.

The platform, which is still being

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