Pershing launches new big data analytics service
15 February 2016 Jersey
Image: Shutterstock
BNY Mellon subsidiary Pershing has upgraded its big data analytics service to aid clients’ securities lending programmes.
Users can use the upgraded service to identify fully paid securities lending income opportunities for qualified investors on a daily basis and match them for consideration against every position across all qualified clients.
The new data analytics capabilities are available through Pershing's NetX360 platform and will enable advisors to proactively manage risk and opportunities for investors.
According to BNY Mellon, Pershing’s big data analytics platform will capture, store, analyse and use evidenced-based decision making to maximise client's growth and productivity.
The solution automates and streamlines what had been a manual and time-consuming process with a single click.
"We've seen big data being put to work in other industries in ways that help businesses better understand their clients and improve business outcomes," said Patrick Yip, director of advisory market technology strategy at Pershing.
"Big data doesn't just allow us to see more, it allows us to see things better and differently.”
“We continue to invest in big data to deliver innovative solutions to help our clients be more productive in running their business and more effective in servicing their clients."
Users can use the upgraded service to identify fully paid securities lending income opportunities for qualified investors on a daily basis and match them for consideration against every position across all qualified clients.
The new data analytics capabilities are available through Pershing's NetX360 platform and will enable advisors to proactively manage risk and opportunities for investors.
According to BNY Mellon, Pershing’s big data analytics platform will capture, store, analyse and use evidenced-based decision making to maximise client's growth and productivity.
The solution automates and streamlines what had been a manual and time-consuming process with a single click.
"We've seen big data being put to work in other industries in ways that help businesses better understand their clients and improve business outcomes," said Patrick Yip, director of advisory market technology strategy at Pershing.
"Big data doesn't just allow us to see more, it allows us to see things better and differently.”
“We continue to invest in big data to deliver innovative solutions to help our clients be more productive in running their business and more effective in servicing their clients."
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