The result will be a simplified client messaging approach across the marketplace. Kingfield – Kingfield is developing a platform that will enable clients and custodians to streamline client service inquiries through a standardized network to eliminate inefficiencies and the need for bespoke communication channels.These new capabilities will increase automation, provide insights and offer self-service capabilities as part of our broader digital strategy to enhance clients' experience. Clients will be able to access the new capabilities through our portal once development is complete. BNY Mellon has already implemented the solution in our Alternative Investment Services business and the firm is expanding the capabilities across other lines of business. EZOPS – In collaboration with EZOPS, BNY Mellon has launched an artificial intelligence-based reconciliation and data control solution aimed at better serving our clients' complex data needs.
Improving Operational Efficiency: BNY Mellon is leveraging capabilities developed by EZOPS and Kingfield to improve operational efficiency and enhance the client experience. This enables us to accelerate delivery of new and enhanced capabilities by leveraging existing solutions, building partnerships and making investments in strategic companies." "We are open to the world, engaging with fintechs, venture capitalists, bigtech, incubators, universities, clients and even competitors. "We are very pleased to be working with these innovative companies as part of our ongoing efforts to build an innovation network and digital ecosystem that enables BNY Mellon to provide enhanced value for our clients," said Roman Regelman, BNY Mellon Head of Digital. As part of these efforts, BNY Mellon will work with EZOPS and Kingfield to leverage machine learning and AI for greater operational efficiency, while Caissa and Two Sigma will help provide enhanced risk solutions and transparency for its clients. BNY Mellon remains dedicated to broadening the scope of its digital ecosystem both by actively advancing its own solutions as well as seeking opportunities to collaborate with best-in-class external partners. 6, 2019 /PRNewswire/ - The Bank of New York Mellon Corporation ("BNY Mellon") today announced several new partnerships as it continues to execute its digital strategy to better serve clients' increasingly complex needs. To learn more about Venn, please visit YORK, Nov. By integrating eVestment data into Venn, we can more effectively help our joint clients make data-driven decisions, deploy resources more productively, and ultimately realize better outcomes.” “Nearly 1,000 institutional asset owners and intermediaries worldwide already rely on eVestment and Nasdaq Asset Owner Solutions as the backbone of their manager research and portfolio analytics. “We’re excited to serve as strategic data partner to Two Sigma’s Venn to help power and expand the level of sophisticated investment available to our mutual asset allocator clients,” said Lisa Terwilliger, Head of Strategic Partnerships at eVestment.
“Driven by strong client demand, we are thrilled to provide eVestment access through Venn to improve workflows and add greater transparency to the investment process.” “At Two Sigma, we continually look for ways to better serve our Venn clients with enhanced data integrations to make the tool more powerful for investors,” said Carter Lyons, Chief Business Officer at Two Sigma. By integrating eVestment data into Venn, investment teams can uncover more robust insights to help drive decisions around investment evaluation, manager due diligence, and portfolio construction and optimization. These investors also turn to eVestment as a trusted source for investment manager data spanning public and private markets. Leading institutional investors rely on Venn to quickly perform sophisticated analysis and better understand sources of risk across multiple asset classes. The new alliance significantly enhances the scope of investment data available through Venn and will allow clients of both eVestment and Venn to complete more of their analysis via one technology platform.
Two Sigma, through its portfolio analytics platform Venn®, and eVestment today announced a strategic alliance under which eVestment data will be integrated into the Venn platform.