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BNY GETS U.K. PATENT

The Bank of New York (BNY) has been granted a patent in the U.K. for a two-way electronic messaging interface model that facilitates communication between investment managers and their custodian banks, officials say. BNY uses the interface for its SmartSource investment manager product. There is a patent pending on this interface in the U.S. The interface sends and receives a variety of complex electronic messages among investment managers, the SmartSource platform and

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