18 January 2018
visit http://response.ncr.com

BNY Mellon acquires Portsmouth Financial Systems

22 December 2009  |  9874 views  |  0 Source: BNY Mellon

BNY Mellon, the global leader in asset management and securities servicing, has acquired Portsmouth Financial Systems, a developer of modeling and analytics of structured credit transactions.

"This acquisition will allow us to provide clients and investors with a greater level of transparency around their structured credit holdings," said Patrick Tadie, executive vice president and head of global structured credit at BNY Mellon Corporate Trust. "It will enhance their analysis and decision-making capabilities by providing them with an independent, centralized source of data and extensive modeling tools."

The acquisition of Portsmouth Financial Systems will allow BNY Mellon to offer a new service with a variety of features, including allowing clients and investors to review actual or predictive security cash flows, to access loan level historical data analysis and cash-flow scenarios, and to plug-in default and prepayment modeling. Financial terms were not disclosed.

BNY Mellon said the new service will initially focus on analysis related to U.S. residential mortgage-backed securities, growing over time to include other structured assets globally.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.vasco.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
10462 views comments | 32 tweets | 36 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10042 views comments | 17 tweets | 18 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
9727 views comments | 17 tweets | 14 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9623 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9183 views comments | 17 tweets | 16 linkedin

Featured job

Find your next job