The financial industry continues to evolve rapidly. Changing investor expectations, the opportunities and threats from new technologies and the relentless pressure on performance, pricing and cost structures mean that asset managers and institutional investors are having to constantly revisit their operating models to ensure they are positioned to prosper into the future.
In this competitive environment, success comes from focusing on core strengths – creating more alpha or driving down the cost of beta, alongside effective distribution and efficient client service.
BNY Mellon has a crucial role in supporting clients as they adapt to this changing landscape. We are helping them transform and streamline their operations across the front, middle and back office.
Our strategy is simple: deliver resilient, efficient and modular securities and data solutions that enable our clients to run their businesses more efficiently and help them serve their own clients more effectively. This is done in the context of four interconnected challenges.
BNY Mellon’s approach to helping clients meet these challenges is to focus on simplifying, modernizing and reducing risk – in other words, promoting an investment industry infrastructure that is simpler, smarter and safer.
The ‘simpler’ comes through delivering client-centric digital experiences through industry-leading modular solutions and interoperable interfaces. We believe that an open architecture approach that integrates our reporting and analytics capabilities alongside third-party solutions makes it possible for clients to access the broadest array of today’s digital technologies, providing them with the most complete view of their investments. In this way, clients can achieve near seamless access to a single source of truth.
The ‘smarter’ is the provision of deeper data management services through a provider-agnostic central engine for any and all data input sources. BNY Mellon is investing in digital, data and analytical capabilities across the business to bring valuable, back-office data to empower the front office – intraday insights and more real-time transparency on trade activity and investment accounting. This approach also enables clients to securely capture and process data from a wide array of sources and vendors to turn into meaningful insights.
The ‘safer’ comes from BNY Mellon’s focus on enhancing core capabilities and our sustained investment in resiliency and automation. Clients and markets rely on BNY Mellon’s critical business services. The expectations from both inside and outside of BNY Mellon are extremely high. Our dedication to delivering to the highest expectations for the robustness of our systems and processes has helped foster a culture for similarly high standards for service, products and client relationships.
Every one of BNY Mellon’s clients has unique and changing needs. Open architecture provides them with the choice and flexibility to find the solutions that best meet their requirements. For this reason, we are actively developing our open solution model through tight integration and partnerships with multiple OMS platforms and other key market technology solutions.
We are committed to supporting an open and collaborative approach to navigating the digital future of the investment industry, working together with partners across the industry and alongside our clients to develop flexible, insightful and effective solutions.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally. Products and services may be provided under various brand names and in various countries by subsidiaries, affiliates, and joint ventures of The Bank of New York Mellon Corporation where authorized and regulated as required within each jurisdiction. The material contained in this document, which may be considered advertising, is for general information and reference purposes only and is not intended to provide or construed as legal, tax, accounting, investment, financial or other professional advice on any matter, and is not to be used as such. This document, and the statements contained herein, are not an offer or solicitation to buy or sell any products (including financial products) or services or to participate in any particular strategy mentioned and should not be construed as such.
The views expressed within this article are those of the authors only and not those of BNY Mellon or any of its subsidiaries or affiliates.
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Head of Asset Servicing Strategic Growth
Daron Pearce is Head of Asset Servicing Strategic Growth at BNY Mellon. In this global role, Daron focuses on identifying and accelerating both inorganic and new market entry opportunities.View Profile