Latest Bank of New York Mellon News: Finextra Research

Major US banks dial down information sharing with OCC after email hack

JPMorgan Chase and Bank of New York Mellon have reportedly scaled back electronic information sharing with the Office of the Comptroller of the Currency (OCC) following a significant breach of the regulator’s email system.

15 April 2025

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2010 revisited: Opportunity to move quickly and stay in front of the market

As Sibos 2020 approaches, we look back to some of the predictions and forecasts made in 2010 and pick through what other lessons can be learnt from the post-financial crisis world to inform strategy in the not dissimilar economic environment of today.

29 September 2020

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BNY Mellon director: US has more B2B open banking activity than Eurozone

Laura McGortey, director of strategic partnership solutions at BNY Mellon, claims that there is more open banking activity in the US B2B payments space in comparison to the Eurozone, on the final day of AFP 2019 in Boston.

23 October 2019

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Big banks create Utility Settlement Coin company

Some of the world's biggest financial services firms - including Barclays, Nasdaq and UBS - have pumped £50 million into a new venture building a Utility Settlement Coin (USC), an asset-backed digital cash instrument implemented on distributed ledger technology.

03 June 2019

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Thomson Reuters to buy Clarient and Avox

Thomson Reuters has moved to strengthen its KYC management services and legal entity data by buying Clarient and Avox from the DTCC and its bank partners. Financial terms were not disclosed.

06 February 2017

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UBS wins big bank backing for Utility Settlement Coin concept

BNY Mellon, Deutsche Bank, Icap and Santander have joined with UBS and Clearmatics to advance the Utility Settlement Coin, an asset-backed digital cash instrument implemented on distributed ledger technology.

24 August 2016

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NY regulator strikes deal with banks on new messaging platform

New York state's banking regulator has reached an agreement with Goldman Sachs, Deutsche Bank, Credit Suisse and Bank of New York Mellon on the record-keeping requirements of a new chat and messaging platform.

14 September 2015

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NY regulator sets sights on bank-backed messaging service

New York state's banking regulator has written to the firm behind a new instant messaging service backed by Wall Street's biggest banks asking about its document retention policies.

23 July 2015

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Banks launch IM service to rival Bloomberg

A consortium of Wall Street banks has launched an instant messaging platform it hopes will loosen Bloomberg's vice-like grip on the market for real-time communication between traders.

21 July 2015

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FCA boss to step down

Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), the UK banking watchdog, has announced his resignation.

17 July 2015

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Wall Street firms take on Bloomberg with new messaging platform

A group of Wall Street firms, led by Goldman Sachs, has acquired instant messaging outfit Perzo and set up a new company to help them break free of their reliance on Bloomberg.

01 October 2014

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DTCC and banks form client data and documentation utility

The Depository Trust & Clearing Corporation (DTCC) has teamed up with six Wall Street banks to launch Clarient Entity Hub, a client data and documentation utility.

29 July 2014

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