Glue42, BNY Mellon Launch Tech to Automate Financial Operations

Glue42, the interoperability solution provider, announced their participation in BNY Mellon‘s “Operations-to-Operations” project.

This solution streamlines communications “between BNY Mellon and their clients and was jointly developed by the two firms.”

Glue42’s expertise in trading platforms and workflow optimization “helped BNY Mellon to deliver a trading-desk-like user experience to everyday middle and back office operations.”

This solution also “leverages Glue42’s certified FDC3 (Financial Desktop Connectivity and Collaboration Consortium) Desktop Agent – allowing the BNY Mellon platform to seamlessly integrate with other systems that also support this FINOS (Fintech Open Source Foundation) standard.”

Glue42 helped BNY Mellon “to deliver a trading-desk-like user experience to everyday middle and back-office operations.”

Mark Gibbons, Head of Asset Servicing Information Delivery & Services, BNY Mellon, said:

“Collaborating with Glue42 meant we could build the platform on our own global enterprise technology while leveraging Glue42’s user experience. Together, we are delivering value for clients by automating processes and freeing up colleagues to focus on higher impact work.”

James Wooster, COO, Glue42, added:

“BNY Mellon’s use of our zero-install browser platform will help also accelerate the roll-out of their solution as there is no longer a need to deploy software onto the machines of their clients. This is the direction of travel for all major financial institutions and fintechs and is only possible using Glue42.”

As noted in the update, Glue42 explains that it “enables organizations to build intelligent desktops, supporting configurable workflows between web and desktop applications.”

Its integration platform seamlessly and securely “orchestrates UI and data, leveraging open-source initiatives like FINOS FDC3 to reduce application delivery times and accelerate time to value.”

The company is based in London, New York, and Sofia. Its software is “deployed at tier-one financial institutions across the world.”

As covered earlier this year, Broadridge Financial Solutions, Inc. announced it will utilize Glue42, a software provider that delivers integrated desktop experiences to financial institutions globally, “to deliver a seamless trading experience.”

This move “brings clients of Broadridge and Glue42 an integrated framework across products, creating a single workspace for banks and broker-dealers.”

Ray Tierney, President of Broadridge Trading and Connectivity Solutions, said:

“Using Glue42’s technology we are providing clients with a better and more seamless user experience, creating one interface for traders to access unique functionality from multiple Broadridge solutions. This new single login provides interoperability, access to the best components from multiple solutions making the trading workflow more efficient, allowing traders to focus on execution.”

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