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.
HSBC is currently exploring the application of blockchain technology to proxy voting and corporate actions.
Pervaiz Panjwani, EMEA head of custody fund services, and Bill Pryor, global head of data & analytics for custody and fund services for Citi discuss the automation of asset servicing, along with data, robotics and other FinTech developments.