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BNY Mellon, a global leader in investment management and services, has announced the beginning of a new era in its treasury business with the launch of a new global payments infrastructure.
It is designed “to deliver significantly enhanced levels of processing efficiency, reliability, transparency and cash management oversight”. Focused initially on euro clearing capabilities for BNY Mellon’s global clients, it’s said that the new infrastructure will harness and extend BNY Mellon’s established strengths as a processor of US dollar-denominated payments across the extensive array of global currencies that the bank supports as a major provider of global payments and foreign exchange services.
Ian Stewart, chief executive officer of BNY Mellon’s Treasury Services group, said, “Our entirely new, innovative payments infrastructure will allow us to deliver more broadly the high standards of reliability, efficiency and technological strength that have made BNY Mellon a leader in USD-denominated payments…By providing an even better payments experience for our clients, our new infrastructure will help power our growth in the payments services delivery space.”
