BNY Mellon launches data, analytics solutions on Microsoft Azure

By Sunniva Kolostyak

The Bank of New York Mellon Corporation (BNY Mellon) has launched three data and analytics solutions offerings on Microsoft Azure to help investment managers better manage their data.

According to the BNY Mellon, who announced the services at its ENGAGE 2020 Conference, the solutions will improve the success of US-listed fund launches, as well as enable customisation of investment portfolios to address environmental, social and governance (ESG) factors.

They are also an expansion of BNY Mellon’s relationship with Microsoft, as the solutions were built on its cloud service Azure, according to Roman Regelman, Senior Executive Vice President and Head of Asset Servicing and Digital, BNY Mellon.

“Our clients want and need more flexibility in their cloud-based data solutions so they can remain agile to evolving market, client and regulatory changes,” Regelman said.

The three solutions Data Vault, Distribution Analytics and ESG Data Analytics are the latest three solutions launched by the investments company, which noted that more capabilities are being developed through collaboration and will be added in the future.

Data Vault is a cloud-based data and analytics platform that supports the rapid onboarding of data to provide greater flexibility and accelerate client innovation and discovery. Combining this with a scalable, machine-learning approach to data quality, users can more quickly and easily interact with data to gain actionable insights.

Distribution Analytics takes advantage of machine learning to help asset managers better understand predictive market demand drivers and sales momentum for mutual funds and exchange-traded funds in the US so they can gauge how to successfully gain market share.

ESG Data Analytics uses AI to customise investment portfolios to individual ESG preferences with support from crowdsourced ESG data and demonstrability screens.

Regelman added: “Data Vault, Distribution Analytics and ESG Data Analytics were developed to help investment managers better manage and unlock value from their data. Further, our expanded relationship with Microsoft underscores our open culture of partnering with leading technology providers to collaborate on data solutions that address client investment needs.”

Also commenting, Judson Althoff, executive vice president of Microsoft’s Worldwide Commercial Business, said the cloud-based solutions will help BNY Mellon’s clients create alpha-generating opportunities and manage assets.

“The scope and scale of BNY Mellon’s investment data, coupled with our portfolio of Azure products and services, will lead to solutions that enhance data as an asset and optimise accessibility of information for investment managers.”