Tagged: bny mellon

Real-Time Payments Adoption Survey Released by BNY Mellon, Datos Insights

BNY Mellon (NYSE: BK), in collaboration with Datos Insights, released a report examining the ongoing growth of real-time payments as a result of increasing demand from consumers for faster payment options. The report finds that a focus on faster payment rails “represents a significant market… Read More

Open Banking: BNY Mellon, Trustly to Support Payment Solution with Guaranteed Settlement

BNY Mellon (NYSE: BK) announced the launch of BankifySM, an open banking payments solution that helps organizations “receive consumer payments from bank accounts, with a seamless user experience and that offers guaranteed funds for business receivables.” Bankify couples BNY Mellon‘s transaction payments expertise “with Trustly’s… Read More

Wealth Management: Salesforce, BNY Mellon’s Pershing X to Support Advisor Productivity

Salesforce has collaborated with BNY Mellon’s Pershing X, a startup technology unit within BNY Mellon | Pershing, “to build two new client onboarding and engagement apps that will power connected and data-driven experiences for wealth management clients.” When available, the apps will integrate Pershing X’s… Read More

BNY Mellon Joins FedNow Service, Enhancing US Payment System

BNY Mellon (NYSE:BK) announced it is now live on the Federal Reserve’s new instant payment rail, the FedNow Service, making it one of the first banks to begin sending and receiving payments from participating institutions and support payment activity through settlement or liquidity services. FedNow… Read More

BNY Mellon’s Pershing X Introduces Wove, a Wealth Management Platform

BNY Mellon’s Pershing X, a technology provider within BNY Mellon | Pershing (NYSE: BK), debuted Wove, a wealth management platform that integrates the technology tools advisors use into a single, data-driven platform. Pershing X President Ainslie Simmonds, said: “When building Wove, we went beyond just… Read More

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… Read More

Financial Recovery Technologies Chosen by BNY Mellon Asset Servicing Unit to Support Settled Class Actions Recovery Program

Financial Recovery Technologies (FRT), the global securities class actions recovery provider, announced it will power the North American class action filing and recovery service for BNY Mellon‘s custody clients, “including broader access to comprehensive non-U.S. alerts for global markets.” This expands upon the alliance that… Read More

BNY Mellon, Fiserv Expand Real-Time FX Rate Quotes Capabilities for Payments from US Firms

BNY Mellon (NYSE: BK) and Fiserv (NASDAQ: FISV), a global provider of payments and financial services technology, have joined forces “to deliver additional capabilities for real-time foreign exchange (FX) rate quotes for payments from U.S. financial institutions.” Using innovative application programming interface (API) connectivity, financial… Read More

BNY Mellon Appointed by Employees Provident Fund Board of Malaysia with Expanded Mandate

BNY Mellon (NYSE: BK) announced it has been selected by the Employees Provident Fund Board of Malaysia (EPF) to deliver a transformational investment accounting project. In addition to custody solutions BNY Mellon provides for the EPF, this broader remit aims to deliver “a solution for… Read More

BNY Mellon Launches Payment Platform Vaia for Payee-Choice Disbursements

BNY Mellon (NYSE: BK) recently launched Vaia, its new aggregated payment platform that “gives US-based institutions access to the latest digital payment options for disbursements.” Through a single integration with BNY Mellon, institutions can now “provide their payees with access to Vaia’s wide range of… Read More

BNY Mellon Provides Digital Asset Custody, First Big US Bank to Offer Service

BNY Mellon (NYSE:BK), one of the oldest banks in the US, has announced it will provide custody services for digital assets. On the bank’s home page, BNY Mellon proudly announces: “Today, our Digital Asset Custody platform bridges digital and traditional assets. Tomorrow, as we continue… Read More

Bank of America, BNY Mellon, Citi Invest in Genesis Global

Genesis Global, the low-code application development platform purpose-built for financial markets organizations, announced $20 million in new investments from Bank of America, BNY Mellon and Citi. These strategic investments “follow the firm’s $200 million Series C funding announced in February.” Stephen Murphy, CEO of Genesis,… Read More

BNY Mellon Supports Reduction in Paper Checks as Sustainability Goals Become More Critical

BNY Mellon (NYSE: BK), which claims to be one of the largest check processors in the United States, is leading efforts “to reduce check-based payments as sustainability goals and environmental concerns take root across the globe.” To support U.S. clients’ transition from paper to electronic… Read More

EBA CLEARING, SWIFT, The Clearing House to Offer Pilot Service for Faster Cross-Border Payments

EBA CLEARING, SWIFT and The Clearing House (TCH) announced that they intend to introduce a pilot service for “immediate” cross-border (IXB) payments “with the support of banks from both sides of the Atlantic.” The pilot service “is scheduled to begin by the end of this… Read More

Blockchain Association Singapore to Collaborate with BNY Mellon

Blockchain Association Singapore (BAS) has announced a partnership with BNY Mellon, a global bank based in New York City. BNY Mellon has had a presence in Singapore since 1974. Singapore has long been a robust Fintech hub in Southeast Asia. BNY Mellon also said it… Read More

Aon, BNY Mellon Enter Strategic Data And Digital Alliance, Will Focus on ESG Requirements

Aon plc (NYSE: AON) has announced a “multi-faceted” data and digital collaboration with The Bank of New York Mellon Corporation that will leverage the “power” and “unique” capabilities of both organizations to create various solutions to address evolving client requirements. Together, Aon and BNY Mellon… Read More

BNY Mellon Fund Services (in Ireland) DAC Fined €10.78M, Reprimanded by Central Bank over Regulatory Issues

On 22 March 2022, the Central Bank of Ireland  “reprimanded” and fined BNY Mellon Fund Services (Ireland) DAC €10,780,000 pursuant to its Administrative Sanctions Procedure (the ASP) for 16 regulatory breaches “relating to the outsourcing of fund administration activities.” The 16 breaches “arose because of… Read More

BNY Mellon, Poste Italiane Make Additional Investments in Volante Technologies

Volante Technologies, the company focused on Cloud payments and financial messaging, recently announced that it received additional growth funding from BNY Mellon and Poste Italiane. With this new investment, both banking institutions are “solidifying their commitment to payments modernization and affirming the key role Volante… Read More

BNY Mellon to Adopt Chainalysis Compliance Software in Ongoing Crypto Push

Chainalysis, a blockchain data platform, today announced BNY Mellon, the world’s largest asset servicer, will be the first global systemically important bank to utilize its compliance software as part of their risk management program. This integration will form a component of BNY Mellon’s strategy to develop… Read More

$100M Series D Has Fundbox Firmly in Unicorn Territory, New Products, Hires On the Way

Fundbox, the AI-powered financial platform for small businesses, has closed a $100M Series D funding round at a $1.1 billion valuation. This latest round was led by Healthcare of Ontario Pension Plan (HOOPP), joined by existing investors Allianz X, Khosla Ventures, and The Private Shares… Read More

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