BNY Mellon builds new data solutions on Microsoft Azure

BNY Mellon builds new data solutions on Microsoft Azure
Microsoft

US bank BNY Mellon is expanding its relationship with Microsoft to create data, technology and content solutions on Microsoft Azure. The bank is also launching three new data and analytics offerings to help customers with data management and gaining insights more easily. 

BNY Mellon says that the expanded relationship with Microsoft underscores its “open culture of partnering with leading technology providers to collaborate on data solutions that address client investment needs”. 

“The scope and scale of BNY Mellon’s investment data, coupled with our portfolio of Azure products and services, will lead to solutions that enhance data as an asset and optimise accessibility of information for investment managers,” said Judson Althoff, executive vice president of Microsoft's Worldwide Commercial Business.

The new offerings from BNY Mellon Data and Analytics Solutions are now available and include the Data Vault – a cloud-based platform that allows users to quickly interact with data to gain actionable insights, Distribution Analytics – which use machine learning to understand market demand, and ESG Data Analytics – which uses artificial intelligence to customise investment portfolios to a client’s needs. 

“Our clients want and need more flexibility in their cloud-based data solutions so they can remain agile to evolving market, client and regulatory changes,” said Roman Regelman, head of asset servicing and digital at BNY Mellon. “Data Vault, Distribution Analytics and ESG Data Analytics were developed to help investment managers better manage and unlock value from their data.” 

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