BNY Mellon and Bloomberg to deliver front-to-back integration capabilities
19 September 2019 New York
Image: Shutterstock
BNY Mellon and Bloomberg have partnered to integrate the bank’s data, analytics and servicing capabilities with AIM, Bloomberg’s portfolio management, trading and compliance solution.
The new connectivity enables clients to access BNY Mellon’s data and analytical workflow tools through Bloomberg AIM.
According to BNY Mellon, the integration means clients will experience faster onboarding, higher straight-through processing rates and more efficient data exchanges.
Clients will be able to leverage BNY Mellon’s reporting and transaction applications together with AIM’s oversight functions, thereby providing all the details and drill-down capabilities to support settlement cycles and accurate tradable positions in one place.
The integration is accessible to clients across the traditional asset management, hedge fund, and asset owner segments.
Hani Kablawi, CEO of global asset servicing at BNY Mellon, said: “We believe clients will continue to want choice and flexibility of their operating models, and we are committed to partnering with industry-leading providers like Bloomberg as a core element of our open platform strategy.”
Ben Macdonald, global head of enterprise products at Bloomberg, added: “We are excited to enhance the interoperability of Bloomberg products through our collaboration with BNY Mellon, and are focused on expanding third-party relationships through our partner program to deliver additional value to our clients.”
The new connectivity enables clients to access BNY Mellon’s data and analytical workflow tools through Bloomberg AIM.
According to BNY Mellon, the integration means clients will experience faster onboarding, higher straight-through processing rates and more efficient data exchanges.
Clients will be able to leverage BNY Mellon’s reporting and transaction applications together with AIM’s oversight functions, thereby providing all the details and drill-down capabilities to support settlement cycles and accurate tradable positions in one place.
The integration is accessible to clients across the traditional asset management, hedge fund, and asset owner segments.
Hani Kablawi, CEO of global asset servicing at BNY Mellon, said: “We believe clients will continue to want choice and flexibility of their operating models, and we are committed to partnering with industry-leading providers like Bloomberg as a core element of our open platform strategy.”
Ben Macdonald, global head of enterprise products at Bloomberg, added: “We are excited to enhance the interoperability of Bloomberg products through our collaboration with BNY Mellon, and are focused on expanding third-party relationships through our partner program to deliver additional value to our clients.”
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