Citco has made a number of investments into FinTech firms to complement its core offering and provide enhanced reporting and analytics services.
Citi will implement the Solidatus platform internally at a global enterprise level following its investment as it looks to enhance its data ecosystem.
BNY Mellon is aiming to accelerate its digital plans for all of its asset servicing business, which it sees could help it win new clients.
Alternatives fund managers said they would like better transparency and control over the net asset value (NAV) administration process performed by fund administrators.
The move continues BNY Mellon’s evolution of its core asset servicing business, where it sees providing data management services as the next competitive battleground.
The bank's digital programme has been utilising new technologies to reduce manual processes and provide enhanced data services.
Investment strategies incorporating environmental, social and governance (ESG) factors outperformed during recent market turbulence, regardless of the challenges that the concept still needs to overcome.
BNY Mellon has recently partnered with a wide range of FinTech firms to transform its services using new technologies.
New ESG capabilities to support institutional investors’ governance, risk management and regulatory reporting through analytics.
The new combined platform will give asset managers further transparency into their transaction lifecycles with a consolidated view of FX settlement data across accounts.