BNY Mellon has established a strategic partnership with Microsoft aimed at delivering a cloud-based data and analytics platform for its buy-side and sell-side clients.
As part of this collaboration, BNY Mellon will leverage Microsoft technology to create customized data management and software solutions specifically designed for capital markets firms. The inclusion of advanced analytics capabilities will empower BNY Mellon’s clients with tools that facilitate near real-time, data-driven decision making.
Clients will have comprehensive access to BNY Mellon’s data and analytics suite through its Software as a Service (SaaS) offering, ensuring flexibility and efficiency. Additionally, the partners aim to explore the application of artificial intelligence to enhance productivity and support more informed decision-making processes.
Akash Shah, Chief Growth Officer at BNY Mellon, emphasizes the evolving landscape of technology and data ecosystems, which are increasingly complex and competitive for clients. He stated, “By merging BNY Mellon’s robust data infrastructure and analytics services with Microsoft’s cloud solutions, we will deliver a premier data management solution that equips our buy-side and sell-side clients with deeper insights and actionable data, ultimately enhancing their investment performance, distribution capabilities, and risk management efforts.”