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.
The tech giant has gone live with Advent TransPort enabling investment managers and hedge funds to customise and standardise custodial data.
BBH appointed two long-time members of the business as co-heads of global securities lending, replacing Keith Haberlin who was appointed as head of BBH’s FinTech department.
HSBC is implementing a layer of APIs that chips away at its underlying legacy tech, while at the same time, standardising data and information flows to its custody clients.