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Navigating the evolving future of payments (part one)

Voice of the Industry | Payments General | 01 Mar 2021

Michael Bellacosa, Head of Global Payments Product Management, Treasury Services, BNY Mellon, explores the rapid change propelling the payments industry towards an instant, 24/7/365, and fully transparent future, and how banks can keep up the pace

real-time payments, banks, blockchain, BNY Mellon

BNY Mellon announces plans to provide an integrated service for digital assets

News | Cryptocurrencies | 15 Feb 2021

BNY Mellon has developed a new enterprise Digital Assets unit to support the development of solutions that help clients address their needs regarding digital assets, including cryptocurrencies.

digital assets, cryptocurrencies, blockchain, banks, BNY Mellon

Global financial system again under scrutiny: FinCen leaks

News | Payments General | 29 Sep 2020

Reports on USD 2 trillion worth of suspicious transactions facilitated by major lenders and other financial institutions have been leaked.

FinCen leaks, money laundering, compliance, banks, fines, Deutsche Bank, JPMorgan, Standard Chartered, HSBC, Barclays, BNY Mellon, Societe Generale, SAR, KYC, account opening, CDD

BNY Mellon launches automated payment solutions offering for insurance payers

News | Payments General | 10 Sep 2020

BNY Mellon has released an Automated Medical and Dental Payments Solution, which facilitates the conversion of claims payments from checks to electronic payments and expedites and simplifies the processing of claims.

BNY Mellon, payments , insurance payers, claims

BNY Mellon offers SWIFT gpi Case Resolution service

News | E-invoicing, SCF & E-procurement | 04 Aug 2020

BNY Mellon has collaborated with SWIFT to offer the gpi Case Resolution service to US-based clients.

BNY Mellon, SWIFT, gpi, Case Resolution, US, United States, client-centric payment services, global payments innovation, cloud, banks, inquiries, compliance, payments , cross-border payments, fees

Volante Technologies receives USD 35 mln of growth funding

News | Payments General | 03 Aug 2020

Volante Technologies has raised USD 35 million in growth equity financing led by Wavecrest Growth Partners with strategic participation from BNY Mellon, Citi Ventures, PostePay, and Visa.

Volante Technologies, funding, Wavecrest Growth Partners, BNY Mellon, Citi Ventures, PostePay, Visa, payments , Open Banking, cloud

BNY Mellon partners with Early Warning Services

News | Digital Identity, Security & Online Fraud | 03 Jul 2020

BNY Mellon has announced a strategic collaboration with risk and payments solution provider Early Warning Services, LLC (EWS). 

BNY Mellon, Early Warning Services, fraud prevention, payments , risk

BNY Mellon launches new Data and Analytics Solutions

News | Online & Mobile Banking | 29 Jun 2020

The Bank of New York Mellon (BNY Mellon) has announced the launch of three new Data and Analytics Solutions offerings.

BNY Mellon, data, partnership, Microsoft, Microsoft Azure

BNY Mellon, MAS to build FX pricing and trading engine in Asia

News | Payments General | 05 Jun 2020

BNY Mellon has teamed up with the Monetary Authority of Singapore (MAS) to build a high-performance FX pricing and trading engine.

BNY Mellon, trading desk, cross border payments, Monetary Authority of Singapore, MAS, pricing, Singapore, Asia, bank, fintech, financial sector

BNY Mellon joins blockchain-powered trade finance network Marco Polo

News | E-invoicing, SCF & E-procurement | 26 Nov 2019

US-based BNY Mellon has joined the Marco Polo trade finance consortium running on R3’s Corda, becoming the 28th bank to do so.

BNY Mellon, Marco Polo, blockchain, trade finance, trade finance netwrok, TradeIX, Corda, R3, Bank of America, KeyBank, US, North America

BNY Mellon takes on KeyBank trade finance processing

News | Online & Mobile Banking | 24 Sep 2019

Expanding their existing trade finance processing agreement, BNY Mellon has announced it will take on direct client services functions from US-based KeyBank.

BNY Mellon, trade finance processing, KeyBank, Trade Processing Operations Center, NEXEN service

USD 1.5 trillion global trade finance gap remains a significant issue

News | E-invoicing, SCF & E-procurement | 17 Apr 2019

BNY Mellon report has revealed that the trade finance gap remains a significant issue for global trade, according to 100 global, regional, and domestic banks, and specialist trade providers.

trade finance, BNY Mellon, banks, report, KYC