BNY Mellon collaborates with software provider Glue42 for post-trade efficiency
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BNY Mellon collaborates with software provider Glue42 for post-trade efficiency 11 May 2023US Reporter: Jenna Lomax
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BNY Mellon has collaborated with software provider Glue42 to build a trading-desk type platform to automate financial operations for its clients’ middle and back-office operations.
The initiative, known as the Operations-to-Operations project, aims to streamline communications for post-trade operations.
It will also leverage Glue42’s certified financial desktop connectivity and collaboration solution Desktop Agent to allow the BNY Mellon platform to integrate with other systems.
Mark Gibbons, head of asset servicing information delivery and Services at BNY Mellon, says: “Collaborating with Glue42 meant we could build the platform on our own global enterprise technology while leveraging Glue42’s user experience.
“Together, we are delivering value for clients by automating processes and freeing up colleagues to focus on higher impact work.”
James Wooster, chief operating officer at Glue42, adds: "BNY Mellon’s use of our zero-install browser platform will help us accelerate the roll-out of their solution, as there is no longer a need to deploy software onto the machines of their clients.”
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