BNY Mellon Expands Collaboration with Microsoft to Enhance Data Platform

BNY Mellon and Microsoft are collaborating to expand and enhance the custodian’s data analytics platform according to a story in The Trade news.  Using Microsoft Azure cloud and BNY Mellon’s financial data and analytics capabilities, the collaboration aims to bolster BNY Mellon’s data management solution for buy-side and sell-side clients.  “The technology and data ecosystems are becoming more complex, competitive and cost-intensive for our clients,” said Akash Shah, chief growth officer at BNY Mellon. “Combining BNY Mellon’s data infrastructure and analytics services with Microsoft’s cloud solutions will provide our buy-side and sell-side clients with a leading data management solution designed to offer deeper insights and actionable data that can help improve their investment performance, distribution reach, and risk management.” As part of the collaboration, the two firms will tap into artificial intelligence (AI) technologies that are designed to enhance productivity and to make more informed decisions.  BNY Mellon will use multiple technologies from Microsoft to develop next-generation data management and software products tailored to the needs of capital markets firms. Additionally, BNY Mellon hopes to speed up the release of its ‘next-gen’ data and analytics cloud-based software-as-a-service (SaaS) offering, designed to help clients fast-track their asset onboarding and optimize data and analytics at scale.