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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