Interbank messaging network Swift has rounded up an initial group of six leading correspondent banks to participate in proof-of-concept trials to determine if distributed ledger technology could help banks reconcile their nostro databases in real time.
BNY Mellon is looking to staff up a new team with a mandate to investigate business disruptive emerging technologies such as blockchain, AI and robotics.
Thomson Reuters has moved to strengthen its KYC management services and legal entity data by buying Clarient and Avox from the DTCC and its bank partners. Financial terms were not disclosed.
The Bank of New York Mellon is one of several Fortune 500 firms teaming up with a host of distributed ledger technology startups to work on a blockchain-based Internet of Things protocol.
BNY Mellon has created a new global innovation group in the company's treasury services business and appointed MD Christopher Mager to head up the operation.
BNY Mellon, a global leader in investment management and investment services, today announced its newest Global Innovation Center will open in Singapore on 17 November 2016.
Financial technology vendor Fiserv has appointed BNY Mellon tech executive Jim Grech as chief information officer.
BNY Mellon has recruited former Visa innovation lead Niamh De Niese to head up its Emea technology incubator.
Tom Casteleyn, head of product management for custody, cash and FX at BNY Mellon comments:
Wave 3 represents a tipping point which will enable the market to evaluate whether the T2S project justifies the investment companies have made in the platform.
The transformation of BNY Mellon's payment infrastructure that began two years ago with upgrades to the company's global payment capabilities will continue this fall with the launch of several important new processing and reporting enhancements.
© Finextra Research 2017