AccessFintech, the provider of real-time data insights and collaboration across financial markets, is working with BNY Mellon, the global financial services company, to bring a joint solution to the market for addressing foreign exchange (FX) workflow challenges ahead of the forthcoming T+1 settlement regulations. Upcoming… Read More
BNY Mellon (NYSE:BK), the global financial services company, is collaborating with Accenture (NYSE:ACN), a professional services company, “to modernize financial services offerings with an initial focus on data management and analytics product development and delivery.” The companies will use technologies to unleash the power of… Read More
The pilot of the Canton Network, a pioneering initiative for interoperability in the capital markets domain, saw significant participation from leading financial institutions, including 15 asset managers, 13 banks, four custodians, and three exchanges. Among the banks were major players like BNY Mellon, Goldman Sachs,… Read More
BNY Mellon (NYSE: BK) announced the launch of Virtual Account Based Solutions, a new cash management solution providing clients with enhanced access to and control of cash administration activities and reporting capabilities. This marks another innovative solution designed “to make money work more smoothly for… Read More
Proxymity, the digital investor communications platform, has recently announces the launch of its digital proxy voting service – Proxymity Vote Connect Total (VCT) – to BNY Mellon (NYSE: BK) clients in the UK in time for the 2024 voting season. The launch follows Proxymity and… Read More
Lunate, a global alternative investment management company with more than $50 billion of assets under management, and BNY Mellon (NYSE:BK), the largest custodian and a leader in wealth management technology are investing in a new company, Alpheya, that “will develop a customized wealth management technology… Read More
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
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
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 (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, 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, 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 (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 (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 (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 (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 (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
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 (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 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
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