Microsoft and BNY Mellon Join Forces For Data And Analytics Expansion
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BNY Mellon, America’s oldest bank, has announced its collaboration with Microsoft to develop capital markets and provide a wider network for financial services.
By utilizing Microsoft Azure cloud and the broad Bank of New York (BNY) Mellon financial data and analytics, both companies will develop a platform for clients in the buy and sell sector.
The partnership between these top firms will allow financial organizations to seamlessly control difficult market dynamics with agility and accuracy. This will help in improving operational efficiency and risk management.
BNY Mellon Plans To Take Its Data And Analytics To Microsoft Azure
The two partners aim to discover how to use artificial intelligence to improve efficiency and decision-making. BNY Mellon mainly focuses on innovation, enhancing proficiency, and providing easy-to-use platforms to help clients reach their goals. It plans to take its data and analytics to Microsoft Azure.
BNY Mellon’s Chief Growth Officer, Akash Shah, mentioned in a statement that the technology and data environment are moving to a more competitive, complex, and highly expensive phase, making it difficult for customers to navigate through.
Joining BNY Mellon’s data and analytics services together with Microsoft’s cloud solutions will offer effective data management solutions to buy side and sell side customers, he revealed.
The data management solution is created to provide actionable data and insights to clients. This helps to increase their investing performances and enhance their capability to manage risks, Shah concluded.
The BNY Mellon company is focused on rendering excellent and fast data management solutions. Operating with a devoted cloud provider is part of what motivated BNY Mellon to join the Microsoft Azure platform.
BNY Mellon Utilizes Microsoft’s Technology To Improve Next-Generation Data
BNY Mellon aims to use various technologies from Microsoft to enhance next-gen data and software products aimed to cater to the needs of capital markets companies. This includes analytics and data related to the growing private market investments and assets.
By incorporating these analytics capabilities, BNY Mellon’s clients will be equipped with accurate decision-making tools to enhance adaptability and agility in the rapidly growing capital market environment
In the past two decades, BNY Mellon has indulged in providing new solutions that will help clients develop their businesses. This latest partnership has marked a significant step in making investing easier, less expensive, and more effective.
The latest collaboration will also help to quickly release BNY Mellon’s next-gen data and analytics cloud-based Software-as-a-Service offering. Clients will be able to speedily track their assets and utilize optimized data and analytics. It will also deliver seamless delivery and integration of newly developed features and upgrades to clients.
