NEW YORK, Oct. 25 /PRNewswire/ -- BNY Mellon, the global leader in asset management and securities servicing, today announced that TreasuryEdge(SM), a new electronic banking platform from BNY Mellon Treasury Services, will be previewed during client meetings at this year's Sibos 2010 event in Amsterdam.
The result of an intensive product development process that has included thousands of hours of technological focus and client interaction, TreasuryEdge(SM) will provide BNY Mellon clients with a number of new features and functionalities, including advanced balance reporting and other reporting capabilities, increased security, expanded file transmission tools, streamlined user functionality and expanded user entitlements. Piloting of the new platform, which will replace BNY Mellon's iTelecash® and CA$H Register Plus(SM) legacy banking platforms, will begin in December.
"We've attached a great deal of importance to innovation as a key strategic growth driver for our business," said Eric Kamback, executive vice president and chief executive officer of BNY Mellon Treasury Services. "As our flagship technological offering, TreasuryEdge reflects our emphasis on innovation, combining in a single, integrated platform our best thinking about how technology can contribute to our clients' success across a broad range of industry segments and market spaces."
With locations in 34 countries on six continents and a network of more than 2,000 correspondent financial institutions, The Bank of New York Mellon's Treasury Services group delivers high-quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 currencies. The Company is a top-five participant in both the CHIPS and overall funds transfer markets, and was recognized by Global Finance magazine earlier this year as the leading provider of white-label treasury products and services for banks and other large institutional clients.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $24.4 trillion in assets under custody and administration and $1.14 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.
SOURCE BNY Mellon