BNY Mellon Announces New Fintech Start-up Program Participants and Graduates
JANUARY 22, 2024
NEW YORK, 22 January, 2024 — BNY Mellon today announced the new fintech graduates of its Ascent Program, an expansion of its earlier Accelerator Program.
The Ascent Program seeks out exceptional early-stage companies worldwide to create new capabilities for our clients by collaborating on solutions through a proof-of-concept (POC). The program now extends across the entire global organization to make it easier for selected startups to perform a POC and collaborate with BNY Mellon teams across all lines of business. We congratulate our 2023 participants and graduates:
Participants:
- Avocado: Automates end-to-end threat modelling and subsequent zero trust for critical enterprise applications, thereby lowering the time and efforts required to secure the applications.
- Impak: Fuses an AI solution and human expertise to enhance environmental, social and governance (ESG) data and analytics. Their evidence-based and 360-degree context-rich impact analysis delivers smart insights to better manage risks and opportunity assessments for financial institutions and corporations.
Graduates:
- AYR: AI-powered intelligent document processing platform that unlocks value in documents/images and enables process automation and digital transformation.
- Obligo: Harnesses financial technology to build trust between renters and landlords, making the move-in and move-out process as simple as checking in and out of a hotel.
Marianna Lopert-Schaye, Managing Director and Global Head of Strategic Partnerships & Innovation (SPIN) said: “Core to our mission is supporting the BNY Mellon business segments in their strategic goals – from growth initiatives to operational efficiency. By tapping external innovation and industry expertise, we are driving commercial outcomes through programs like Ascent. We congratulate and thank our 2023 participants and look forward to building on our successful collaboration efforts to drive innovation forward for the global financial ecosystem.”
SPIN accelerates strategic outcomes at BNY Mellon by working with a select network of fintech entrepreneurs and intrapreneurs. It serves as a resource for internal teams to test and validate cutting-edge technologies that provide innovative and commercially-focused solutions enabling us to serve clients better and run the company more effectively. SPIN encompasses the Ascent Program and strategic investments with over 36 portfolio companies worldwide, as well as Innovation Centers to run ideation, design thinking and prototype validation.