The Bank of New York, a global leader in securities servicing, has significantly enhanced the accounting and performance reporting capabilities of INFORM, the company's Internet-based information delivery and transaction platform for institutional and corporate clients.
The new capabilities, which will be delivered through a new home page called INFORMCentral, will utilize innovative push technology to provide clients with fully customized reports and views directly to their desktops, providing immediate access to the data they require.
The improvements are the result of in-depth analysis of client reporting preferences and reflect the Bank’s commitment to providing clients with unparalleled ease of use while allowing for fast and flexible access to INFORM's diverse range of information solutions.
"INFORMCentral spotlights The Bank of New York’s goal to link the smart use of technology with client preferences to improve the efficiency and effectiveness of the organizations we serve," said Patrick Curtin, executive vice president at The Bank of New York. "These enhancements underscore our commitment to delivering information for immediate, self-directed access by our clients, as well as to continuously enhancing the overall client experience with our organization."
Clients can also access the Trust Universe Comparison Service (TUCS), the most widely accepted universe comparison in the United States for the performance of institutional assets, where they can create customized universes, detailed analysis and monitoring of their portfolios' performance relative to other institutions.
INFORMCentral also offers a new view on class action services and applications, new file transfer capabilities that enable the importing of custom reports, and dynamic graphic enhancements to improve the overall user experience.
INFORMCentral adds to INFORM's existing set of powerful utilities, which already allow clients to push customized reports to local printers or servers at any time of the day, in a variety of formats.
The Bank said INFORM Central will initially be introduced to its pension clients followed by a systematic roll-out to its entire client base.
Accessed by more than 43,000 users representing 5,700 institutional and business clients, INFORM offers a diverse range of information solutions, including accounting, asset servicing, cash management, trade finance, collateral management, compliance monitoring, regulatory reporting, retirement services, risk/return analysis, and securities lending.