BNY Mellon Solution
The client was a long-time BNY Mellon custody client, using another provider for Transfer Agency services and performing Fund Accounting in-house. By combining services with a single provider, the client benefitted from one operating model for all services, thereby reducing risk, improving oversight and gaining access to an expanded universe of liquidity.
One provider for Custody, Transfer Agency and Fund Accounting streamlined processes, enhanced control and provided a single point of accountability for issue resolution.
Integrated systems provided straight through processing, reducing wire overdrafts and fees.
Linked cash accounts maximized balances and enabled use and access to daylight credit.