Bank of New York Mellon Corporation (NYSE:BK) has announced the deployment of its cloud data platform for the first time in the United Arab Emirates, after being commissioned by Lunate Capital, the Abu Dhabi-based global alternative investment manager, to provide it. with a transformative data operation model.
Committed to supporting Gulf Cooperation Council (GCC) financial markets, investors and leading banking groups, BNY Mellon’s Data and Analytics platform enables clients to stay at the forefront of cloud data management. By developing leading-edge technology, BNY Mellon integrates existing data sources with external data sets, helping its clients gain a competitive advantage.
“Lunate is pleased to partner with BNY Mellon to provide cloud data management solutions,” said Seif Fikry, Managing Partner, Lunate. “Lunate aims to be one of the world’s leading providers of private markets solutions, seeking best-in-class risk-adjusted returns for our clients. We believe BNY Mellon will help give us, and therefore our clients, an edge.”
BNY Mellon’s Data and Analytics business recently announced a strategic alliance with Microsoft and a partnership with Accenture as part of its technology and ecosystem strategy to create new solutions to help clients grow their businesses.
“Clients need access to data-driven decision-making tools that improve agility and adaptability in the rapidly evolving capital markets landscape,” said Julie Gerdeman, Head of Data and Analytics, BNY Mellon. “We are excited that Lunate is using our trusted platform to help increase market impact and business growth for the company.”