BNY Mellon to provide trade processing services to KeyBank

BNY Mellon’s Treasury Services business is to provide private label trade processing services to KeyBank’s Global Trade Group. Specific outsourcing services being provided to KeyBank include a web-based letter of credit information delivery and document management system; a web-based trade letter of credit portal; and a web-based system for documentary collections, document review, funds transfer and trade reporting. The range of services being provided by BNY Mellon integrates all of the essential components of letter of credit and documentary collection transactions into a single platform.

Joon Kim, head of global trade processing products for BNY Mellon’s Treasury Services group said: “Providing clients with trade processing support that reflects high standards of operational and technical expertise is becoming increasingly important to KeyBank, and we are extremely pleased to be selected as their trusted provider.”  logo

Following Moorgate’s outreach, the news was covered by FX-MM, Finextra, bobsguide, Global Banking & Finance Review and TXF

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