BNY Mellon picks Amundi for fund administration services
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BNY Mellon picks Amundi for fund administration services 07 February 2022US Reporter: Jenna Lomax
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BNY Mellon has chosen Amundi Technology and the ALTO Investment Compliance platform for depositary and fund administration services.
The ALTO Investment Compliance solution will be deployed into BNY Mellon’s global operations to enhance trustee controls and compliance monitoring.
ALTO Investment Compliance is a component of the ALTO asset servicing offering dedicated to custodians and administrators within the global ALTO Investment framework.
It provides an open-source, private cloud-based technology and covers the trustee control value chain.
Its capabilities include flexible rule coding interfaces, interactive breach management, oversight dashboards and a compliance reporting factory.
The solution offered by Amundi Technology uses core components of the ALTO platform to address front to back needs of asset managers and asset servicers.
Guillaume Lesage, chief operating officer of Amundi, says: “The ALTO Investment Compliance solution benefits from new developments on the ALTO Platform, which together bring innovative and flexible solutions across BNY Mellon global asset servicing and digital infrastructure. This agreement strengthens our transatlantic alliance with BNY Mellon to deliver together fresh, efficient and innovative front to back technology solutions to our industry.”
Roman Regelman, CEO of asset servicing and head of digital at BNY Mellon, comments: “This agreement advances BNY Mellon’s global digital strategy as a leader in providing client-centric solutions with best-in-class partners. The deepening integration with Amundi Technology and the ALTO platform will help to improve our service experience across the investment lifecycle and allow us to deliver even greater front to back operational efficiencies for clients.”
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