Acts as Financial Markets Advisory.
Clients of BlackRock include: Financial institutions, banks.
Issues faced :
- Complexity of strategic, financial and risk management.
- Rapid change in regulations
- expanding size of data.
- demand for increased transparency.
How they help?
- customize problem solving
- Tech and scale of financial system provider
- Capital markets expertise of an investment bank
- Portfolio management expertise.
They have Aladdin, which is BlackRock’s platform for risk analysis.
- Scrapping social media for live market intelligence
- Leveraging big data to advance social and environmental causes.
- Forecasting economic recovery
- Stress testing : impact of pandemic etc.
- Machine Learning : Predict mortgage defaults.