Northern Trust leans on Microsoft FDEs to boost agentic buildout Professional businessman developer working on laptop with Agentic AI interface. Concept of artificial intelligence agents, automated workflow, and smart technology solutions in business. · CIO Dive · Getty Images Makenzie Holland Wed, November 11, 2026 at 7:00 AM EST 2 min read NTRS 0.00% MSFT +0.32% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
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Northern Trust worked with Microsoft Frontier Company's forward deployed engineering teams to build an AI-powered onboarding agent that cuts data preparation time by 83% — from two and a half weeks to three days — for the financial services firm's analysts, according to a Monday announcement. The agent consolidates customer data from multiple, disparate sources into a standardized format to ease new client onboarding.
The agent is built on Microsoft Azure, using Microsoft Foundry for enterprise AI, and connects to Microsoft 365 tools. The foundation lets Northern Trust analysts review and approve the agent's work while a governed intelligence layer preserves onboarding knowledge, letting the agent build expertise over time, the announcement said.
The agent speeds the onboarding process for clients while maintaining oversight and controls, Pete Cherecwich, chief operating officer at Northern Trust, said in the announcement.
Northern Trust expanded its longstanding partnership with Microsoft to build the client onboarding agent, a move that comes as financial services firms navigate deploying advanced AI while maintaining security, privacy and governance controls.
Accelerated AI use is prompting a heightened focus on governance and responsible AI use among financial institutions, according to an Evident report published last month. More than two-thirds of global financial firms surveyed by Evident for the report said they have added additional controls for AI systems.
Northern Trust's client onboarding agent combines "advanced AI with enterprise-grade privacy, security and governance to make the process faster for clients," Northern Trust CEO Michael O'Grady said last month during the financial services firm's Q3 2026 earnings call.
Human oversight has been embedded throughout the agent's workflow, letting analysts evaluate the tool's reasoning and review outputs, according to the Monday announcement.
"This approach points to a broader opportunity across regulated industries to transform complex workflows and deliver business value without compromising trust," Bill Borden, corporate VP of worldwide financial services at Microsoft, said in the announcement.
Alongside its client onboarding agent, Northern Trust has adopted client action plan agents, which O'Grady said save customer relationship managers two to three hours per client memo. AI-enabled digitization has also nearly doubled straight-through processing, or automated financial transactions, for the company. Internally, the bank's AI assistant Byron supports wealth managers with more tailored insights to deliver to clients, he added.
AI deployment and use of its proprietary platform has helped deliver efficiency and productivity gains to the bank, O'Grady told shareholders in a 2025 report.
"Our approach is disciplined, starting with outcomes, simplifying processes and redesigning work rather than just adding tools," O'Grady said during the earnings call.
