The Bank of New York Mellon Corporation ("BNY Mellon") today announced a new partnership with EZOPS as it continues to execute its digital strategy to better serve clients' increasingly complex needs. BNY Mellon remains dedicated to broadening the scope of its digital ecosystem both by actively advancing its own solutions as well as seeking opportunities to collaborate with best-in-class external partners. As part of these efforts, BNY Mellon will work with EZOPS to leverage machine learning and A.I. for greater operational efficiency.
"We are very pleased to be working with this innovative company as part of our ongoing efforts to build an innovation network and digital ecosystem that enables BNY Mellon to provide enhanced value for our clients," said Roman Regelman, BNY Mellon Head of Digital. "We are open to the world, engaging with fintechs, venture capitalists, bigtech, incubators, universities, clients and even competitors. This enables us to accelerate delivery of new and enhanced capabilities by leveraging existing solutions, building partnerships and making investments in strategic companies."
Improving Operational Efficiency: BNY Mellon is leveraging capabilities developed by EZOPS to improve operational efficiency and enhance the client experience.
- EZOPS – In collaboration with EZOPS, BNY Mellon has launched an artificial intelligence-based reconciliation and data control solution aimed at better serving our clients' complex data needs. BNY Mellon has already implemented the solution in our Alternative Investment Services business and the firm is expanding the capabilities across other lines of business. Clients will be able to access the new capabilities through our portal once development is complete. These new capabilities will increase automation, provide insights and offer self-service capabilities as part of our broader digital strategy to enhance clients' experience.
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of Sept. 30, 2019, BNY Mellon had $35.8 trillion in assets under custody and/or administration, and $1.9 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
EZOPS Inc. is a U.S.-based fintech firm providing full front-to-back data control software that drives efficiency and dramatically reduces operational costs and resource requirements for financial services institutions. With the power of its novel machine learning tools capable of automating virtually any manual process, EZOPS has harnessed artificial intelligence to vastly enhance data flow and reduce operational bottlenecks, enabling clients to enjoy major cost and time savings while achieving straight-through processing (STP) automation goals. Clients such as global and regional banks, futures commission merchants (FCMs), asset managers, fund administrators, insurance firms and corporate treasury operations use the EZOPS modular suite of software tools to control and manage the full range of post-execution business processes associated with their listed and over-the-counter derivatives activity.