BNY Mellon has announced four new fintech partnerships as part of its digital strategy:
In collaboration with EZOPS, BNY Mellon has launched an artificial intelligence-based reconciliation and data control solution. BNY Mellon has already implemented the solution in its alternative investment services business and the firm is now expanding the capabilities across other lines of business. Kingfield is developing a platform that will enable clients and custodians to streamline client service inquiries through a standardised network to eliminate inefficiencies and the need for bespoke communication channels. BNY Mellon has an equity interest in Kingfield. Caissa is a multi-asset class reporting and analytics platform which extends BNY Mellon’s performance and risk solutions and enables clients to perform their own analysis and reporting through the Caissa platform, driven by their accounting and performance data at BNY Mellon. The bank has also integrated Two Sigma‘s Venn product, a portfolio risk tool for asset owners, to deliver client data to Venn’s quantitatively driven portfolio analysis and optimisation capabilities.