As part of its commitment to continuing the development of its new payments platform, BNY Mellon has expanded its global payments infrastructure with the launch of enhanced foreign exchange payment capabilities.
Demonstrating BNY Mellon’s enterprise-wide approach to the development of new treasury services solutions, the new FX payments offering seamlessly combines BNY Mellon’s extensive FX capabilities with the speed, efficiency and reporting features of BNY Mellon’s new global payments infrastructure.
Frank Behlmer, executive vice president, global operations, with BNY Mellon’s Client Service Delivery group said: “Our clients are now able to make FX payments seamlessly through our branches in London and Frankfurt. We are introducing new functionality for currency payments to enable us to better validate client instructions and increase straight-through processing rates. This will help us reduce third-party repair charges and increase the efficiency and speed of payment processing for clients across a broad range of investment services businesses.”