BNY Mellon deploys new AI, cloud tools to assist back-office analytics needs

The custodian bank has reduced payment processing times by as much as 80%, according to officials.

Data science can drive automation, assist with labor-intensive tasks, uncover insights so firms can make better decisions, detect useful anomalies for risk management teams—the list goes on. 

“We believe we can make meaningful contributions by applying advanced analytics across our businesses,” says Mike Demissie, head of digital assets and advanced solutions at BNY Mellon. “With that in mind, we took it upon ourselves to apply AI within BNY Mellon in a number of areas, at scale, and solve some

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Brown Brothers Harriman unifies busy suite of AI products

It’s a new world, contend BBH’s Kevin Welch and Josh Fine. After a few years of experimentation that yielded several AI products for the bank and its clients, it was time to put the puzzle pieces together to serve a different way of working post-Covid.

Bank-backed Versana takes aim at syndicated loan tech

Born from a consortium that includes JP Morgan and Bank of America, Versana aims to bring up-to-date and permissioned data to the syndicated loan market—the first step to a more transparent and faster operating market.

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