BNY Mellon and Microsoft are teaming up to change how money markets and
other money-related services work. They will use Microsoft Azure cloud and BNY
Mellon’s big money data and analytics to create a platform for BNY Mellon’s buy
side and sell side customers.
This partnership brings together two companies to help financial
institutions handle complicated market changes better. They want to make risk
management easier and help businesses work more efficiently.
The plan is to use artificial intelligence (AI) to help businesses be more
productive and make better decisions. BNY Mellon will also move its data and
analytics work to Microsoft Azure.
Akash Shah, Chief Growth Officer at BNY Mellon, says the technology and data
world is getting harder and more expensive for customers. By combining their
data and Microsoft’s cloud, they aim to give clients better data and insights
to improve how they invest and manage risk.
BNY Mellon will use different Microsoft technologies to create new data
management and software products for finance companies. This includes dealing
with private markets and other investments. These tools will help clients make
faster decisions using real-time data.
They plan to make BNY
Mellon‘s data and analytics tools available on the cloud. This means
clients can easily use the services and get updates quickly.
“This strategic alliance underscores Microsoft’s commitment to
advancing the frontiers of cloud computing to drive transformative change
across industries,” said Karen Del Vescovo, Corporate Vice President
& U.S. Financial Services Lead, Microsoft. “The collaboration with BNY
Mellon sets the stage for a new era in capital markets, where the fusion of
data analytics and emerging technologies, such as AI, powers unprecedented
platform innovation and provides an ecosystem of capabilities across investment
and data lifecycles.”
.@BNYMellon and @Microsoft have teamed up to transform capital markets, using Microsoft’s @Azure cloud and BNY Mellon’s extensive financial data and analytics capabilities. Learn more: https://t.co/hwR1b1lGFe
— Microsoft Stories and News (@MSFTnews) February 5, 2024
BNY Mellon Launches Universal FX Platform
BNY
Mellon launched Universal FX, a platform aiding FX management, portfolio
efficiency, and market transparency, as reported by Finance Magnates. It caters to
diverse segments like investment and wealth management, adapting to industry
shifts towards T+1 settlement. Jason Vitale, Head of Global Markets Trading,
highlighted the challenges of fragmented portfolios, emphasizing transparency
and consistency.
With Universal FX and OneFX, clients consolidate portfolio
management for better insights and smoother execution. The platform grants
access to global currency execution, enhancing FX experiences globally,
irrespective of asset location or trade execution point.
BNY Mellon and Microsoft are teaming up to change how money markets and
other money-related services work. They will use Microsoft Azure cloud and BNY
Mellon’s big money data and analytics to create a platform for BNY Mellon’s buy
side and sell side customers.
This partnership brings together two companies to help financial
institutions handle complicated market changes better. They want to make risk
management easier and help businesses work more efficiently.
The plan is to use artificial intelligence (AI) to help businesses be more
productive and make better decisions. BNY Mellon will also move its data and
analytics work to Microsoft Azure.
Akash Shah, Chief Growth Officer at BNY Mellon, says the technology and data
world is getting harder and more expensive for customers. By combining their
data and Microsoft’s cloud, they aim to give clients better data and insights
to improve how they invest and manage risk.
BNY Mellon will use different Microsoft technologies to create new data
management and software products for finance companies. This includes dealing
with private markets and other investments. These tools will help clients make
faster decisions using real-time data.
They plan to make BNY
Mellon‘s data and analytics tools available on the cloud. This means
clients can easily use the services and get updates quickly.
“This strategic alliance underscores Microsoft’s commitment to
advancing the frontiers of cloud computing to drive transformative change
across industries,” said Karen Del Vescovo, Corporate Vice President
& U.S. Financial Services Lead, Microsoft. “The collaboration with BNY
Mellon sets the stage for a new era in capital markets, where the fusion of
data analytics and emerging technologies, such as AI, powers unprecedented
platform innovation and provides an ecosystem of capabilities across investment
and data lifecycles.”
.@BNYMellon and @Microsoft have teamed up to transform capital markets, using Microsoft’s @Azure cloud and BNY Mellon’s extensive financial data and analytics capabilities. Learn more: https://t.co/hwR1b1lGFe
— Microsoft Stories and News (@MSFTnews) February 5, 2024
BNY Mellon Launches Universal FX Platform
BNY
Mellon launched Universal FX, a platform aiding FX management, portfolio
efficiency, and market transparency, as reported by Finance Magnates. It caters to
diverse segments like investment and wealth management, adapting to industry
shifts towards T+1 settlement. Jason Vitale, Head of Global Markets Trading,
highlighted the challenges of fragmented portfolios, emphasizing transparency
and consistency.
With Universal FX and OneFX, clients consolidate portfolio
management for better insights and smoother execution. The platform grants
access to global currency execution, enhancing FX experiences globally,
irrespective of asset location or trade execution point.
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- Source: https://www.financemagnates.com//institutional-forex/microsoft-and-bny-mellon-team-up-to-enhance-capital-markets-with-cloud-tech/
