Cachematrix by BlackRock launches new mobile app for cash investors

NEW YORK–(BUSINESS WIRE)–Hidden, one of the world’s largest and oldest market platforms for cash management2announced today that customers of the Cachematrix by BlackRock portal will now be able to access the liquidity market via a mobile application.

Leveraging Cachematrix’s decades of experience integrating with cash management, banking and depository systems, Cachematrix by BlackRock will now offer its users a multi-channel experience, providing real-time monitoring of client accounts with the convenience of mobile access.

“Cash managers are experiencing one of the most volatile markets in decades, and risk management is more important than ever,” said Roland Villacorta, global head of cash management and securities lending at BlackRock. “We’ve been investing in this technology for several years in anticipation of our customers’ changing needs, and we’re proud to offer them the peace of mind that comes with a real-time view of their positions.

With the new mobile platform, users will have a current view of their accounts, including current positions, orders and historical transactions. The app will also allow customers to receive real-time notification of updates to their accounts while on the go. Going forward, Cachematrix by BlackRock customers will also be able to make subscription and redemption requests to their money market funds directly through the app.

Another feature of the mobile application is its dual authorization function, providing Treasury decision makers with the ability to quickly sign money market subscription or redemption requests (“orders”) made by traders in their organizations. BlackRock estimates that up to 60% of all orders placed on the Cachematrix by BlackRock portal require dual authorization1.

“Timely order approvals are critical in the money market fund space, where billion dollar transactions can occur during the day. With our new app, liquidity managers no longer have to worry about staying close to their desk for same-day settlement,” said Cindy Bernhardt, Global Head of Cachematrix. “As we continue to see rates rise, managers are looking for the ability to capture yield by locking in transactions conveniently and in real time.”

“This innovation builds on the knowledge our developers around the world have gained from building and continuously improving the Aladdin platform,” said Lance Braunstein, Aladdin Product Group Manager. “We are extremely proud to bring a new Cachematrix by BlackRock mobile experience to the cash market for our customers.”

The mobile app will be available for iPhone users in the US, UK and select EMEA countries.3.

About Cachematrix by BlackRock

BlackRock’s Cachematrix is ​​an open-architecture online trading and reporting system that allows you to place purchase and redemption requests on money market fund (MMF) investments from multiple fund providers, view balances MMF, access statements, analyze reports and more.

About Black Rock

BlackRock’s goal is to help more and more people experience financial wellness. As an investor trustee and a leading fintech provider, we help millions of people build savings that will serve them throughout their lives by making investing easier and more affordable. For more information about BlackRock, visit www.blackrock.com/corporate.

Prepared by BlackRock Investments, LLC, Member FINRA.

Unauthorized reproduction, transmission or storage expressly prohibited. Cachematrix Software Solutions, LLC is an indirect wholly-owned subsidiary of BlackRock, Inc. Copyright© 2022. Cachematrix Software Solutions, LLC. All rights reserved, US Pat. No. 7 835 976 & 7 983 969 & 8 099 354

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1
As of August 31, 2022

2 Cachematrix was created in 2003 as a better way for businesses to manage their cash. Acquired by BlackRock in 2017, Cachematrix is ​​built on decades of experience, leveraging technical expertise to evolve our technology and meet customer needs. Cachematrix is ​​a platform provider for many leading financial institutions including corporates, investment managers, banks, insurance companies, government agencies, family offices, trusts, pensions, and more.

3 Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden

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