BNP Paribas boosts custody processes

BNP Paribas Securities Services has implemented a new program to streamline data management and to give clients better access to international markets.

The global custodian said its Augmented Custody service will be rolled out in phases and involves difference aspects of the custody chain such as asset servicing, settlement, cash, and collateral management.

BNP Paribas Securities Services general manager, Patrick Colle, said custodians had a huge role to play in helping clients maximise the efficiency of their operations and keep their competitive edge.

"This is why we are making our custody processes better, faster and simpler. Our ambition is to enhance our core services thanks to the power of digital," he said.

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