At BNY Mellon, a global leader in investment management and investment services, we continuously look for opportunities to advance the digital transformation of the financial services industry and to improve our clients’ experience. Today, we are excited to announce the implementation of FundBlastTM, an innovative digital communication channel that will strengthen the connectivity between asset managers and intermediaries, and streamline the support of mutual fund products. BNY Mellon is the only third-party transfer agent and subaccounting provider to offer this innovative solution.
“Broker-dealers and asset managers are in need of enhanced data management and increased operational efficiency,” said Christine Gill, Global Head of BNY Mellon's Asset Manager & Investor Solutions. “This new digital communications channel replaces manual processes by organizing and structuring mutual fund corporate actions data in a consistent format. We are excited to help our clients, and the industry, benefit from increased straight through processing and reduced operational risk through the use of FundBlast.”
FundBlastTM, made available through Delta Data, a provider of financial services software solutions, provides a secure and digital platform for improved workflows and dissemination of corporate actions data and other communications. BNY Mellon plays a central role in the mutual fund subaccounting and transfer agency space and proactively helps to facilitate communications, trading, and distribution of products through distributors.
BNY Mellon is an experienced leader in the mutual fund recordkeeping space, and is committed to helping our clients succeed in an increasingly competitive environment. As of March 31, 2018, BNY Mellon supported over $3.2 trillion in assets globally on its transfer agency platform and over 152 million active accounts with assets of more than $2.9 trillion on its subaccounting platform, and is ranked as the largest third party provider of subaccounting services, and the second largest provider of transfer agency services (based on accounts) in the U.S. per the 2017 Mutual Fund Service Guide.