BlackRock signs Strategic Deal with Microsoft, to put Aladdin Infrastructure on Azure


Microsoft and BlackRock have partnered to host BlackRock's Aladdin infrastructure on the Microsoft Azure Cloud Platform.

The strategic deal will be going to help BlackRock to meet the localized needs of customers. Aladdin enterprise is an end-to-end portfolio management software. It offers sophisticated risk analytics with comprehensive portfolio management tools, trading, operations, compliance and accounting tools on a single platform.

The collaboration will enable global powerhouses to use accelerated innovation across the financial services ecosystem.

This would help BlackRock to cater to the ever-changing markets' and institutions' requirements. The scalable platforms now adapt to the growing complexity of managing data, advanced analytics, and risk management to deliver innovative solutions to clients, notes the announcement.

Executive Opinion

Chief Operating Officer of BlackRock, Rob Goldstein, said, "As both a user and a provider of Aladdin, this decision reflects BlackRock’s ongoing commitment to continuous innovation and scalable operating solutions. Aladdin's infrastructure deployed on Microsoft Azure’s cloud platform will provide BlackRock with enhanced capabilities to deliver the best outcomes for our Aladdin clients."

Executive Vice President of Microsoft’s Worldwide Commercial Business, Judson Althoff, said, "By bringing Aladdin to the cloud, Microsoft will support BlackRock in further enhancing its client experience while also enabling continuous innovation in the financial services industry. Together, we will empower an ecosystem of financial services customers running their most critical workloads in the cloud."

BlackRock and Microsoft Strategic Deal

In addition to hosting Aladdin on the Azure cloud platform, the company will also work together to use technology towards the expansion and improvement of sustainability data and analytics.

Both companies will also offer technical expertise to academics, startups, and non-profits organizations via Microsoft cloud computing scale, AI, and Big Data, notes the announcement.

Both companies will also work together to leverage technology to improve and expand sustainability data and analytics.

PC: Pablo, Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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