BNY Mellon has launched a new liquidity analytics product to help clients address liquidity transparency and intraday overdraft coverage requirements under Basel III.
The product, Intraday Liquidity Analytics, is an enhancement on the firm's TreasuryEdge electronic banking platform that leverages its collateral and cash management services. BNY Mellon says it can help clients manage costs, reduce intraday overdrafts and manage payment flows. The service also provides access to real-time and historical intraday cash and liquidity information across accounts and can help facilitate straight-through payment processing.
"Helping clients deal with the new liquidity requirements under Basel III is another example of how providing insights and understanding, as well as data and information, has become indispensable to the delivery of effective liquidity and cash management services," says Susan Skerritt, executive vice president and global head of Business Strategy and Market Solutions for BNY Mellon's Treasury Services group.