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Tag: bny mellon

  • BNY Mellon ups tech spend by 11% YoY | Bank Automation News

    BNY Mellon ups tech spend by 11% YoY | Bank Automation News

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    BNY Mellon is looking toward digitization and automation to increase efficiency, drive down operational costs and improve consumer experience.  WHY IT MATTERS: The $425 billion bank focused on digitally cleaning inefficient operations and planning medium- and long-term digitization efforts, Chief Executive Robin Vince said during BNY Mellon’s second-quarter earnings call today. The bank’s Q2 software […]

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    Vaidik Trivedi

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  • BNY Mellon tech spend up by 11% YoY | Bank Automation News

    BNY Mellon tech spend up by 11% YoY | Bank Automation News

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    BNY Mellon is looking toward digitization and automation to increase efficiency, drive down operational costs and improve consumer experience.   WHY IT MATTERS: The $425 billion bank focused on digitally cleaning inefficient operations and planning medium- and long-term digitization efforts, Chief Executive Robin Vince said during BNY Mellon’s second-quarter earnings call today. The bank’s Q2 software and equipment spending jumped […]

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    Vaidik Trivedi

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  • Pershing X to migrate to cloud | Bank Automation News

    Pershing X to migrate to cloud | Bank Automation News

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    BNY Mellon’s technology arm, Pershing X, is looking to migrate its data and applications to the cloud to scale its wealth management platform, Wove. Pershing X’s Wove, launched in June, integrates with technology tools to build data reporting analytics and financial plans, and for billing, trading and rebalancing, according to a BNY Mellon release. The […]

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    Vaidik Trivedi

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  • FIs cautiously approach AI | Bank Automation News

    FIs cautiously approach AI | Bank Automation News

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    Financial institutions are looking to AI to create tools for coding, marketing and customer experience. However, use of AI by banks is being monitored as risk remains top of mind for bank executives.  Banks are deploying AI throughout their IT infrastructures to make operations more efficient and cost effective, but they are cautious when deploying […]

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    Vaidik Trivedi

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  • BNY Mellon collabs with startups through its own accelerator | Bank Automation News

    BNY Mellon collabs with startups through its own accelerator | Bank Automation News

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    BNY Mellon looks to startups to address internal and client-facing technology challenges throughout the bank. The $31.9 million bank communicates with executives and clients to identify areas of friction, Zakie Twainy, digital partnerships and enterprise innovation at BNY Mellon, said at the recent Finovate Spring 2023 event in San Francisco. The bank utilizes startups and […]

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    Whitney McDonald

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