BNY Mellon Pershing extends collaboration with Objectway
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BNY Mellon Pershing extends collaboration with Objectway 10 January 2019Milan Reporter: Jenna Lomax
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BNY Mellon’s Pershing has extended its ongoing partnership with Objectway, to help enhance its core clearing and custody proposition.
Objectway will continue to deliver Pershing's new integrated front-end solutions, Pershing Nexus Wealth and Pershing Nexus Investor, an investor portal.
The solutions are available now and will be enhanced with the addition of execution only functionality and financial planning tools.
Objectway has been working with Pershing since July 2017 to phase in all the required services.
According to Pershing, Objectway’s solutions will empower Pershing’s offering of workflow capabilities to wealth managers, improving the management of their clients, as well as combining human interaction with digital capabilities.
The integrated portfolio management and customer-relationship management systems will also automate operational processes while enhancing service offering, in full compliance with the second Markets in Financial Instruments Directive.
Using Objectway’s integrated digital platform, Pershing will be able to implement a single, fully integrated, straight-through processing solution, all within a single contract.
Investors will be able to communicate with their advisers across many devices using online chat, video, phone or email.
They will also be able to check their investments and ask for their adviser’s help through real-time collaboration using co-browsing, enabling easy review and discussion remotely.
Geoff Towers, CEO of Pershing, said: “We are committed to providing a range of highly secure, flexible and innovative solutions to our clients and believe the addition of these integrated front-end tools enhance our core clearing and custody proposition and will offer a simplified solution with a single point of contact for wealth management clients across Europe, the Middle East and Africa region.”
Luigi Marciano, CEO of Objectway, commented: "We are extremely pleased to have succeeded with Pershing’s extensive selection process.”
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