NEW YORK, May 18, 2015 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has
expanded its analytical support for treasury services clients with
the launch of Payment Analytics. Designed for institutional
clients with high levels of wire transfer utilization, Payment
Analytics provides real-time updates on straight-through processing
(STP) success rates, information on the type and number of payment
queries, and trend data that clients can use to improve the
efficiency of payment processing.
Presenting powerful analytics in easy-to-understand, actionable
and customizable graphical formats, Payment Analytics can provide
reporting on payments by account, time intervals, beneficiaries and
payment channels. Detailed information on repair wires can be
especially useful in reducing repair fees and providing a more
immediate release of funds to payees. Available to select
global clients on a pilot basis for the past several months,
Payment Analytics complements BNY Mellon's Intraday Liquidity
Analytics service. Provided via BNY Mellon's
TreasuryEdgeSM portal, the two analytical services
reflect BNY Mellon's strategic commitment to providing not just
processing and transaction support, but also 'big data'-based
analytical insights that clients can use to better manage their
treasury function. Payment Analytics is featured in a video
that currently appears on BNYMellon.com.
"Our leadership position in USD-denominated payments for
institutional clients was built on a solid foundation of
efficiency, experience, reliability and global reach," said
Gregory Malosh, managing director
and head of Information and Liquidity products for BNY Mellon's
Treasury Services business. "Initiatives like Payment
Analytics and Intraday Liquidity Analytics are enabling us to
deliver entirely new dimensions of service to our clients.
We're leveraging BNY Mellon's technological strengths to give
clients significantly enhanced levels of immediacy and insight into
their liquidity and cash management practices."
With locations on six continents and an extensive global network
of correspondent financial institutions, BNY Mellon's Treasury
Services group delivers high-quality performance in global
payments, trade services and cash management. It helps clients
optimise cash flow, manage liquidity and make payments more
efficiently around the world in more than 100 countries. Processing
payment transactions in over 120 currencies, the company is a
top-five participant in both the CHIPS and overall funds transfer
markets. The company is also a recognised leader in the
delivery of private-label treasury services solutions for banks and
other large institutional clients.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of March 31, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or
administration, and $1.7 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Additional information is available on www.bnymellon.com, or
follow us on Twitter @BNYMellon.
Contact: Ron Sommer
+1 412 236 0082
ron.sommer@bnymellon.com
Malcolm Borthwick
+44 20 7163 4109
malcolm.borthwick@bnymellon.com
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SOURCE BNY Mellon