BNY Mellon (NYSE:BK) and Microsoft are joining forces to transform capital markets and the broader financial services industry. Using the Microsoft Azure cloud and BNY Mellon’s extensive financial data and analytics capabilities, the platform will provide BNY Mellon’s buy-side and sell-side clients with a leading data management solution.
The global alliance between two of the world’s leaders in their respective industries will help financial institutions navigate complex market dynamics with precision and agility, while enhancing risk management and optimizing operational performance.
As part of the expanded collaboration, the two companies will look to explore how artificial intelligence (AI) technologies can be integrated for improved productivity and better informed decision-making.
With a focus on innovation and expertise and platforms that help clients achieve their goals, BNY Mellon will also move data and analytics workloads to Microsoft Azure.
“Technology and data ecosystems are becoming more complex, competitive and costly for our clients,” said Akash Shah, Chief Growth Officer, BNY Mellon. “Combining BNY Mellon’s data infrastructure and analytics services with Microsoft’s cloud solutions will provide our buy-side and sell-side clients with a leading data management solution designed to deliver deeper insights and data that can help improve of their investment performance, distribution reach and risk management. For 240 years, we’ve been building new solutions to help our customers grow their businesses, and this is the latest step in making investing more efficient, easier and less expensive.”
As an organization with a dynamic culture focused on delivering solutions with excellence and speed, part of what led BNY Mellon to the Microsoft Azure platform is partnering with a cloud provider committed to a reliable and resilient cloud that serves the markets in which it operates.
“This strategic alliance underscores Microsoft’s commitment to pushing the frontiers of cloud computing to drive transformative change across industries,” said Karen Del Vescovo, Corporate Vice President & US Financial Services Lead, Microsoft. “Partnering with BNY Mellon sets the stage for a new era in capital markets, where the fusion of data analytics and emerging technologies such as artificial intelligence fuels unprecedented platform innovation and provides an ecosystem of capabilities across the lifecycles of investments and data”.
This is the latest example of a long-standing relationship between BNY Mellon and Microsoft. The companies have spent years driving success for clients around the world by building data, technology and content solutions for investment managers on Microsoft Azure.