February 11, 2016
JERSEY CITY, N.J., February 11, 2016 – Pershing LLC, a BNY Mellon company, today announced the release of additional big data analytics capabilities to help advisors improve processes and business performance through actionable insights. The new solutions, part of BNY Mellon's digital ecosystem, leverage its big data analytics platform to capture, store, analyze and use evidenced-based decision making to maximize client's growth and productivity.
"We've seen big data being put to work in other industries in ways that help businesses better understand their clients and improve business outcomes," said Patrick Yip, director of advisory market technology strategy at Pershing. "Big data doesn't just allow us to see more, it allows us to see things better and differently. We continue to invest in big data to deliver innovative solutions to help our clients be more productive in running their business and more effective in servicing their clients."
Advisors who anticipate their clients’ needs and can proactively support them with relevant value-added solutions will be at a competitive advantage. Accessible through Pershing's NetX360® platform, the new data analytics capabilities will enable advisors to proactively manage risk and opportunities for investors, including:
About BNY Mellon's Pershing
BNY Mellon’s Pershing is a leading provider of clearing and custody services. We are uniquely positioned to help complex financial services firms transform their businesses, drive growth, maximize efficiency, and manage risk and regulation.
Wealth management and institutional firms outsource to us for trading and settlement services, investment solutions, bank and brokerage custody, middle and back office support, data insights, and business consulting.
Pershing brings together high-touch service, an open digital platform and the BNY Mellon enterprise to deliver a differentiated experience for every client.
Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. With offices around the world, Pershing has over $2 trillion in assets and millions of investor accounts. Pershing affiliates include Albridge Solutions, Inc. and Lockwood Advisors, Inc., an investment adviser registered in the United States under the Investment Advisers Act of 1940. Additional information is available on pershing.com, or follow us on LinkedIn or Twitter @Pershing.
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 and wealth management and investment services in 35 countries. As of June 30, 2021, BNY Mellon had $45.0 trillion in assets under custody and/or administration, and $2.3 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.