Tagged: bny mellon

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

BNY Mellon Is Providing ESG Data Analytics in Collateral Management

Market participants are currently able to apply their environmental, social, and governance (ESG) principles to the assets they’re willing to “accept as collateral,” utilizing ESG Data Analytics provided by BNY Mellon (NYSE: BK). As mentioned in the announcement: “In a milestone development for the collateral… Read More

Data and Analytics Firm Quantexa Receive Strategic Investment from BNY Mellon

Quantexa, the data and analytics software firm focused on Contextual Decision Intelligence (CDI), recently revealed that BNY Mellon (NYSE: BK) has completed an investment in Quantexa, to “close its series D” – which was led by Warburg Pincus, an international growth investor, and a growing… Read More

Digital Onboarding: BNY Mellon and Saphyre to Leverage AI to Enhance Customer Experience

BNY Mellon (NYSE: BK), an American investment banking services holding company headquartered in New York City with over $380 billion in assets, and Saphyre recently revealed that they’ll utilize AI tech to enhance the customer experience while also automating and expediting client onboarding. This partnership… Read More

Bitcoin and other Cryptos Must be Considered More Seriously Since Intrinsic Value of Fiat Currencies Is Being Questioned: Report

BNY Mellon (NYSE:BK), an American investment banking services holding company headquartered in New York City, notes that in the current environment, where the “intrinsic value of fiat currencies is increasingly being questioned,” it’s important to take into consideration the value of alternative currencies like Bitcoin… Read More

BNY Mellon and other Major Financial Institutions Continue to Make Strategic Investments in Digital Assets Space

Only a month after announcing that it was working on an integrated service for crypto-assets, BNY Mellon (NYSE:BK) has decided to make a strategic investment into crypto startup Fireblocks. The New York-headquartered financial powerhouse, which is notably among the biggest banking institutions and also one… Read More

Digital Assets for Banks: Fireblocks Raises $133 Million led by Big VCs Plus Strategic Investment from BNY Mellon, Silicon Valley Bank

Fireblocks has raised $133 million in Series C funding according to the company. Fireblocks is on a mission to bring crypto to financial services firms including big banks, Fintechs, exchanges, and more. The funding round was led by Coatue, Ribbit, and Stripes with participation from… Read More

BNY Mellon is Next Institution to Move Into Digital Assets, Launches New Unit, Plans Digital Asset Custody

BNY Mellon (NYSE:BK),  a bank with $2.2 trillion in assets under management, has announced the creation of a new Digital Assets unit that seeks to accelerate the development of solutions to help clients address growing and evolving needs related to the growth of digital assets,… Read More

BNY Mellon, Citi, Visa, Others Invest $35 Million in Volante Technologies to Accelerate Fintech Firm’s Cloud Expansion Globally

Volante Technologies Inc., a provider of payments and financial messaging solutions in the cloud, revealed on August 3, 2020, that it has secured $35 million in growth equity financing. The latest investment into Volante’s operations was led by Wavecrest Growth Partners, along with participation from… Read More

Vanguard Uses Blockchain to Speed Up FX Forward Contracts

Vanguard, one of the world’s largest investment management firms with $5.9 trillion in global assets, is testing blockchain tech to improve and accelerate foreign exchange (FX) forward contracts. According to a release, Vanguard has partnered with Symbiont, Bankof New York Mellon, State Street, and Franklin… Read More

US-based Companies Still Using Slow, Inefficient Paper Checks to Settle B2B Payments: Report

Companies might think that they have to spend more money to generate more revenue, however, many are reportedly spending a lot more than what’s required in order to keep their accounts payable (AP) departments operational. Paper checks are still the main method through which American… Read More

BNY Mellon Executive: There’s More Open Banking Activity in US B2B Payments Industry than in the Eurozone

Laura McGortey, director of strategic partnership solutions at New York-based BNY Mellon (NYSE: BK), a multinational banking and financial services holding company, says that there is more open banking activity in the US business-to-business (B2B) payments industry, when compared to the Eurozone (on the last… Read More

Crypto Exchange Bakkt Acquires Digital Asset Custody Company

Bakkt COO Adam White has blogged on his company’s efforts to become the go-to Bitcoin futures trading platform and “digital asset” custodian for institutions.  According to the post, Bakkt has acquired Digital Asset Custody Company (DACC) establishing a “commitment to setting a new standard for… Read More

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