BNY Mellon establishes Silicon Valley innovation centre

BNY Mellon establishes Silicon Valley innovation centre

Investment management and services group BNY Mellon has set up an innovation centre in Silicon Valley as it seeks to harness the power of big data, cloud computing and the Internet of Things.

The facility, run by former Apigee exec Michael Gardner, will experiment in areas such as mobile development, cloud computing, application development, information security, decision analytics and collaboration technology.

The aim is to gain new business insights and foster collaborative innovation that uses advanced and prototype technology to develop new offerings, improve customer service and reduce time-to-market.

BNY Mellon already has three innovation centres, in New Jersey and Pune and Chennai in India, but says that it also wants a base at the heart of the technology world.

Suresh Kumar, CIO, BNY Mellon, says: "By tapping into the area's top tech talent and giving them a space specially-designed for innovation, BNY Mellon will be primed to embrace emerging technology that enables us to better run our businesses and serve our clients."

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