BNY Mellon Taps Markit for Enterprise Data Management

With $1.5 trillion in assets under management, BNY Mellon aims to unify significant components of its data management operations and eliminate manual processes. The asset manager will be using the platform for amalgamating, cleansing and validating index data in order to create a master data set for analytics and supports its data management strategy globally.

"Organizations on the buy and sell side recognize the need for an enterprise-wide platform to take control of their data and break down silos," says Daniel Simpson, managing director and head of enterprise software at Markit. "BNY Mellon is doing just this by taking a top-down approach to managing its data across the firm and its multiple global subsidiaries. The implementation will enable the investment manager to have complete confidence in the data used across the business," he says.