Digitization of a bank’s core can’t occur without a vibrant, open ecosystem of developers, partners and, yes, in a world rebuilt by trust, sometimes even competitors. BNY Mellon’s open platform model, characterized by a “strategic entrepreneurship” approach, is a way to hedge even the most disruptive of markets. But it’s also the way to be at the center of them.
Our new ESG app is a great example of how we’re leveraging our global network and vast resources as the “bank of banks.” The app provides clear, actionable feedback to the ESG community by crowdsourcing to determine what drives the vast majority of sustainable investors. With our ESG app, the complex, often opaque world of sustainable investing can become a clear, distinct vehicle for safeguarding and growing the life savings of millions of people.
Markets must also be more inclusive. More individuals and institutions alike need access to expanding markets. They can when they’re part of a digitized ecosystem and the tools that come with it.