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.
JP Morgan has now moved up to number two in the global custody rankings with just under $27 trillion of assets under custody.
Nearly half of pension fund managers surveyed by CACEIS felt there were not properly equipped to monitor their ESG activities to a high standard.
ESG has been a growing focus for BNP Paribas, which has been one of the leading voices in the securities services industry to advocating the concept.
Interim CEO Todd Gibbons believes the interoperable model will help increase its global market share of the tri-party market.