Research continues BNY Mellon's emphasis on solutions that help clients succeed in a changing environment
LONDON and NEW YORK, 15 September, 2011 — BNY Mellon, the global leader in investment management and investment services, today announced the launch of the most recent update of its research into the changing relationships between local banks and global processing banks. The new research material recaps how the increasingly sophisticated needs of commercial clients in areas like trade finance, liquidity, global payments and client service are creating a global transaction ecosystem with increasingly high levels of interconnection and interdependence. BNY Mellon's research shows how new relationships with global processing banks can allow local banks to play a positive and distinctive role in the new ecosystem. Breaking new ground from a presentation standpoint, the new material has been summarized in a series of on-line videos.
Since the financial crisis of 2008, BNY Mellon's Treasury Services research has focused on the needs of both local banks and their commercial clients to identify new revenue streams, lower their costs and enhance their risk management. Whilst technology is key in all three areas, these challenges have also inspired new business arrangements. Previous BNY Mellon white papers have shown how constructive collaboration with global processing banks has proven to be an attractive strategic alternative for local banks. BNY Mellon's 2011 research focuses on how adoption of the manufacturer-distributor model in three key areas of treasury service — trade finance, payments processing and liquidity services — can give local banks the connectivity and client service resources they need to deliver end-to-end solutions in tune with the new transaction ecosystem.
"Sibos provides the perfect opportunity for us to share important research findings with others in the new transactional ecosystem," said Alan Verschoyle-King, Global Head of Sales & Client Management, BNY Mellon Treasury Services. "In preparing this year's material, we decided to make our findings available not just as printed reports. We've also prepared a series of videos that summarize and personalize our findings. Our new videos feature a representative group of Treasury Services advisors talking about their experience helping clients succeed in a healthy, growth-oriented transactional ecosystem. The settings for the videos show the beauty of flourishing ecosystems, and provide memorable framing for some very important business concepts."
The first in this year's five-part series of videos summarizing BNY Mellon's 2011 treasury services research can be viewed at www.bnymellon.com/treasuryservices/research.
With locations six continents and a network of more than 2,000 correspondent financial institutions, BNY Mellon Treasury Services delivers high-quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 currencies. Processing more than $1.7 trillion in payments transactions on a daily basis, the company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of white-label treasury services solutions for banks and other large institutional clients.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com and through Twitter @bnymellon.