BNY Mellon picks Singapore for new innovation base
Latest news
BNY Mellon picks Singapore for new innovation base 07 November 2016Singapore Reporter: Drew Nicol
Image: Shutterstock
BNY Mellon will opened its newest global innovation center in Singapore on 17 November.
The eighth centre will facilitate collaboration with Asian fintechs and clients for the creation of data-driven market solutions that will operate within Nexen, BNY Mellon’s digital ecosystem.
The Singapore centre joins existing networks in Pune and Chennai in India and Silicon Valley, Jersey City, Pittsburgh and central New York in the US.
London plays host to the bank’s only European innovation base.
Through Nexen and its network of innovation centres worldwide, BNY Mellon is in talks with more than 300 global fintech start-ups.
“As our largest branch office in Asia Pacific, the Singapore Innovation Center reinforces BNY Mellon’s commitment to the region’s advancement in transformational technology in financial services and compliments the Monetary Authority of Singapore’s continuing ambition to establish a vibrant innovation ecosystem and to develop the city as a smart financial center,” said Stephen Lackey, chair of the Asia Pacific for BNY Mellon.
Suresh Kumar, senior executive vice president and chief information officer at BNY Mellon, added: “Technology is one of the key accelerators of change in our business and we pride ourselves on being at the forefront. BNY Mellon has a rich history in innovation marked by delivering technology-enabled solutions that power the world’s investments. Our approach covers all critical phases of enterprise innovation and we continue to work side-by-side with clients and fintech firms to create valuable digital offerings.”
“The BNY Mellon Innovation Center in Singapore is designed to take clients through a digital journey by leveraging Nexen technologies to showcase the power of Application Program Interfaces.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 