SunGard has issued a public apology to custody bank BNY Mellon for the outage of its InvestOne accounting system used by the bank to price thousands of funds.
BNY Mellon and its fund manager clients are scrambling to assess the damage caused after a third party system run by SunGard and used by the bank to value assets worth billions of dollars broke down.
New York state's banking regulator has written to the firm behind a new instant messaging service backed by Wall Street's biggest banks asking about its document retention policies.
A consortium of Wall Street banks has launched an instant messaging platform it hopes will loosen Bloomberg's vice-like grip on the market for real-time communication between traders.
Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), the UK banking watchdog, has announced his resignation.
BNY Mellon, a global leader in investment management and investment services, has expanded its analytical support for treasury services clients with the launch of Payment Analytics.
Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that Deutsche Asset & Wealth Management (“Deutsche AWM”) has gone live with Eagle’s data management solution to support its global operations.
BNY Mellon (NYSE: BK) today issued the following statement regarding the findings of a U.K. Financial Conduct Authority ("FCA") investigation into compliance with relevant FCA Principles and U.K. Client Asset Sourcebook ("CASS") rules during the period from November 2007 to August 2013:
Bank of New York Mellon has begun playing with bitcoin, using blockchain technology to build an application on its internal network.
Anita Borg Institute (ABI), a non-profit organization focused on the advancement of women in computing, has named BNY Mellon as the 2015 winner of ABI's Top Companies for Women Technologists.
© Finextra Research 2015