What are some key market trends that are driving change in the fund-services business? What do those changes look like?
Alan Flanagan: Digital assets are transforming the world and becoming increasingly mainstream. Likewise, the digitization trend is having a big impact on the market and how we operate. First and foremost, we are focused on enhancing and digitizing the entire client experience across BNY Mellon, delivering a suite of data solutions that can aggregate diverse sets of structured and unstructured data, which will help reduce cost and increase transparency.
Second, our end-to-end solutions form a foundation that will streamline and simplify data management, create insights across the investment life cycle and empower better decision-making.
Third is the continued augmentation of our application programming interface (API) offerings, which are focused on the accessibility of data and enable technology integrations. We have a well established and robust API library that’s used by both our clients and their respective third-party providers.