Pershing partners with software vendor for digital front-end tech

The new services will help Pershing enhance its traditional clearing, custody and back-office services for its wealth management clients.

By Joe Parsons

BNY Mellon’s Pershing has partnered with software vendor Objectway to offer new front-end services and enhance its traditional clearing and custody offering.

The partnership will help Pershing deliver its new digital client management portfolio management tools, ‘Pershing Nexus Wealth’, and a new investor portal, ‘Pershing Nexus Investor’.

“The addition of these integrated front-end tools enhance our core clearing and custody proposition and will offer a simplified solution with a single point of contact for wealth management clients across the EMEA region,” said Geoff Towers, CEO, BNY Mellon’s Pershing.

Pershing already offers its wealth management client with  live integration between its services and selected third-party relationship management, data warehouse and front-end solutions.

Through Objectway, Pershing will be able to implement a single, straight-through processing (STP) solution within a single contract.