The new services will help Pershing enhance its traditional clearing, custody and back-office services for its wealth management clients.
The move towards smart contracts and DLT presents a new opportunity for custodian banks to grant client access to their own data.
RBC I&TS is currently two years into a four-year programme of digitally transforming its back- and middle-office services globally.
BNP Paribas is half-way through a five-year programme focusing on implementing digital initiatives across the group.
BNY Mellon will build a global digital team across the bank, with the aim to attract new talent and setting its strategic digital direction.
High-profile custody mandates and the implementation of new technology products helped drive second quarter revenues.
In March, Citi’s Proxymity won Global Custodian’s Innovation in Securities Services technology award for its potential to disrupt manual proxy voting processes.
In his first investor day, Charlie Scharf highlighted the technological changes he will look to implement throughout the various BNY Mellon businesses.
Beacon is part of State Street’s five-year plan to digitally interconnect all of the custodian's systems.