BNY Mellon Takes a New Tack to Digital Transformation

The custodian is trying to make digitization core to all the organization's activities, its innovation head says.

digital transformation

It’s a dirty secret, but common approaches to digitization at banks often don’t result in true transformation because they cannot scale up and don’t truly transform the core of the bank. This is why BNY Mellon is taking a different tack to modernization, the bank’s global head of innovation said this week.

Hans Brown said the bank has called its model “Digitize This Very Bank”. Brown quipped that his team is “working on the name,” but added: “I kind of liked it [the name] because it’s very

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