New payments-focused analytics complement Intraday Liquidity Analytics service
NEW YORK, May 18, 2015 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has expanded its analytical support for treasury services clients with the launch of Payment Analytics. Designed for institutional clients with high levels of wire transfer utilization, Payment Analytics provides real-time updates on straight-through processing (STP) success rates, information on the type and number of payment queries, and trend data that clients can use to improve the efficiency of payment processing.
Presenting powerful analytics in easy-to-understand, actionable and customizable graphical formats, Payment Analytics can provide reporting on payments by account, time intervals, beneficiaries and payment channels. Detailed information on repair wires can be especially useful in reducing repair fees and providing a more immediate release of funds to payees. Available to select global clients on a pilot basis for the past several months, Payment Analytics complements BNY Mellon's Intraday Liquidity Analytics service. Provided via BNY Mellon's TreasuryEdgeSM portal, the two analytical services reflect BNY Mellon's strategic commitment to providing not just processing and transaction support, but also 'big data'-based analytical insights that clients can use to better manage their treasury function. Payment Analytics is featured in a video that currently appears on BNYMellon.com.
"Our leadership position in USD-denominated payments for institutional clients was built on a solid foundation of efficiency, experience, reliability and global reach," said Gregory Malosh, managing director and head of Information and Liquidity products for BNY Mellon's Treasury Services business. "Initiatives like Payment Analytics and Intraday Liquidity Analytics are enabling us to deliver entirely new dimensions of service to our clients. We're leveraging BNY Mellon's technological strengths to give clients significantly enhanced levels of immediacy and insight into their liquidity and cash management practices."
With locations on six continents and an extensive global network of correspondent financial institutions, BNY Mellon's Treasury Services group delivers high-quality performance in global payments, trade services and cash management. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 countries. Processing payment transactions in over 120 currencies, the company is a top-five participant in both the CHIPS and overall funds transfer markets. The company is also a recognized leader in the delivery of private-label treasury services solutions for banks and other large institutional clients.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.
SOURCE BNY Mellon