Investments and analytics service provider BNY Mellon has expanded its services to provide payment analysis for treasury services clients. The Payments Analytics service is designed for institutional clients with a high usage of wire transfers.
Payment Analytics provides real time updates on day-to-day straight-through processing (STP) rates. It helps in meeting the demands of vendors and clients for immediate and accurate payments. The service aims to provide information regarding wire payment trends to quickly see the status of the payments, anticipate the availability of funds and effectively manage the current cash position.
BNY Mellon’s Payment Analytics is also designed to provide graphical representations related to straight-through processing rates, inquiry reporting and historical trend data for an in-depth view of how wire payments are moving through the system and to find out where there may be delays. Payment Analytics can provide reports on payments by account, time intervals, beneficiaries and payment channels.
Payments Analytics complements the Intraday Liquidity Analytics service provided by BNY Mellon. Intraday Liquidity Analytics eases the pressure on institutions to actively manage their intraday liquidity positions and risks to meet payment and settlement obligations on a timely basis. Both Payments Analytics and Intraday Liquidity Analytics are provided via BNY Mellon's TreasuryEdge(SM) portal. These “big data”-based analytical insights helps clients to better manage their treasury functions.
Gregory Malosh, Managing Director, and Head of Information and Liquidity Products for BNY Mellon's treasury services said, "Initiatives like Payment Analytics and Intraday Liquidity Analytics are enabling us to deliver entirely new dimensions of service to our clients. We're leveraging BNY Mellon's technological strengths to give clients significantly enhanced levels of immediacy and insight into their liquidity and cash management practices."
BNY Mellon is an investment company which provides investment management, investment services and wealth management that helps institutions and individuals succeed in markets all over the world. BNY Mellon’s treasury solutions combine business insights with latest industry information to help corporations and institutions to optimize cash flow, maintain liquidity, manage risk and move money to grow business in more than 100 countries. BNY Mellon’s services are available in six continents with an extensive global network of correspondent financial institutions. Processing payment transactions in over 120 currencies, the company is a top-five participant in both the CHIPS (Clearing House Interbank Payments System) and the overall fund transfer markets. The company is also a recognized leader in the delivery of private label treasury services solutions for banks and other large institutional clients.
As of March 31, 2015, BNY Mellon had $28.5 trillion in assets under administration and $1.7 trillion in assets under management.