For the past 15 years, blockchain has been attempting to transform the global financial system. Or, if you listen to some of the earlier adherents of the digital asset sector, attempting to replace it. However, the inherently anonymous nature of the crypto industry’s web3 technology...
Goldman Sachs and BNY Mellon are reportedly delving deeper into the world of blockchain transactions. The two banks were among several firms that took part in a series of tests on a blockchain network connecting various financial institutions, one of the largest-scale of such pilots in capital markets, Bloomberg News...
Canadian FinTech SS&C is reportedly accusing banking giant BNY Mellon of data misuse. The long-standing legal dispute is returning to court, Bloomberg News reported Monday (Feb 5), with SS&C — which provides operations services for investment managers — saying it is owed nearly $890 million by the banking giant. According...
BNY Mellon has unveiled its new cash management solution, called Virtual Account-Based Solutions. This offering aims to provide clients with enhanced access and control over their cash administration activities and reporting capabilities, the bank said in a Monday (Jan. 29) press release. The Virtual Account-Based...
March 21, 2024
Banks — the stalwarts of traditional lending — are finding new channels and conduits to getting capital to borrowers, across alternative channels, and with FinTech collaborations forged and expanded. Alternative lending (or alt-lending) gets funding, typically short-term in nature, to borrowers, with one particular ready-made audience extant in the form of small business applicants. The […]
September 02, 2022
The possibilities of Web3 are becoming increasingly apparent. This newest iteration of the internet will feature a strong emphasis on decentralized applications, heavy use of machine learning and artificial intelligence...
February 28, 2022
Payments executives and chief financial officers want more from their business payments than just making them digital: They expect an experience that mimics the ease and convenience of retail payments....
October 19, 2021
Almost every industry was affected by the pandemic, and many businesses that had already incorporated some form of digitization in their processes were still forced to significantly implement digital operational...
March 12, 2024
Goldman Sachs and BNY Mellon are reportedly delving deeper into the world of blockchain transactions. The two banks were among several firms that took part in a series of tests on a blockchain network connecting various financial institutions, one of the largest-scale of such pilots in capital markets, Bloomberg News reported Tuesday (March 12). According to the report, the so-called […]
February 05, 2024
Canadian FinTech SS&C is reportedly accusing banking giant BNY Mellon of data misuse. The long-standing legal dispute is returning to court, Bloomberg News reported Monday (Feb 5), with SS&C — which provides operations services for...
January 29, 2024
BNY Mellon has unveiled its new cash management solution, called Virtual Account-Based Solutions. This offering aims to provide clients with enhanced access and control over their cash administration activities and...
January 17, 2024
FinTech company Obligo is collaborating with global investments company BNY Mellon to enhance the rental experience for property managers and renters. The collaboration is part of BNY Mellon’s Ascent Program, which aims to identify...
