Tag: BNY Mellon

GTR names BNY Mellon “Best Correspondent Bank” for the second time in a row

BNY Mellon has been officially crowned “Best Correspondent Bank” in this year’s Global Trade Review (GTR) “Leaders in Trade” awards. The award marks the second consecutive year that the bank has won the award since the category was introduced in 2017. Receiving the award on behalf of BNY Mellon at the GTR Awards ceremony last …

Continue reading

BNY Mellon’s Monika Aminiova discusses SWIFT gpi adoption in Finance Digest

Writing for Finance Digest, BNY Mellon’s Monika Aminiova, EMEA Cash Management Business Development Manager, Treasury Services, takes an in-depth look at how the payments sector could be transformed by SWIFT gpi, and how banks can help the initiative take root. Although still being rolled out, SWIFT gpi’s impact on both the speed and transparency of …

Continue reading

BNY Mellon examines the rise of real-time payments in The Paypers

Writing for The Paypers’ 2018 edition of its “B2B Fintech: Payments, Supply Chain Finance and E-Invoicing Market Guide”, BNY Mellon’s Karen Braithwaite, Head of Global Product Management, Treasury Services and Carl Slabicki, Director, Immediate Payments, Treasury Services, discuss the momentum behind the adoption of real-time payments (RTP) across the world. Sparked by client demand for …

Continue reading

The power of SWIFT gpi: BNY Mellon’s Monika Aminiova examines the potential for the initiative to revolutionise the payments industry in bobsguide

Writing for bobsguide, BNY Mellon’s Monika Aminiova, Cash Management Business Development Manager, Treasury Services EMEA, gives a rich overview of the developments within SWIFT’s rapidly expanding global payments innovation (gpi) initiative and a perspective on its future. The initiative has already helped to transform the speed, transparency and traceability of the traditional end-to-end cross-border payments …

Continue reading

BNY Mellon’s Sindhu Vadakath discusses the arrival of open banking in International Banker

In a commentary article for International Banker, Sindhu Vadakath, Senior Product Manager, Global Payment Services and Asia Payments, Treasury Services, BNY Mellon, takes a look at the introduction of the Second Payment Services Directive (PSD2) and the impact it will have on the core of traditional banking. PSD2 requires banks to share their closely guarded …

Continue reading

BNY Mellon discusses the revolution in payments seen across the last 20 years in GTNews

As part of a series of articles celebrating the 20th anniversary of GTNews, Daniel Verbruggen, Michael Bellacosa, Fred DiCocco and Matt Wells from BNY Mellon Treasury Services, come together to discuss the pivotal developments in the payments industry across the last two decades. Increased regulation resulting from events such as 9/11 and the 2008 global …

Continue reading

BNY Mellon’s Dominic Broom discusses how technology can be used to plug the Asian trade finance gap in Asia Outlook

Increased banking regulations and higher compliance costs have led to a culture of de-risking, where many banks have been forced to withdraw from perceived “riskier” markets – with local businesses in developing Asia being particularly affected. Indeed, Asia and the Pacific bears 40% of the US$1.5 trillion global trade finance gap, representing the difficulty that …

Continue reading

BNY Mellon’s Anthony Brady talks to EMEA Finance on digitalising payments and optimising opportunities

Technology is creating a plethora of opportunities to enhance payments. And with client expectations for new capabilities growing – spurred by the abundance of high-tech gadgets in the wider market – banks must ensure they adapt and cater to expanding digital demands. In a commentary article for EMEA Finance, Anthony Brady, Head of Global Product …

Continue reading

BNY Mellon’s Bana Akkad Azhari talks to The Business Year on the importance of the bank’s operations in Lebanon

When asked about the importance of Lebanon to the bank’s operations, Bana Akkad Azhari, Managing Director, BNY Mellon, tells The Business Year that as its central hub in the Middle East since 1963, Lebanon has provided “a solid financial sector and significant client base” as historically one of the most “open and liberal economies in the …

Continue reading

BNY Mellon’s Dominic Broom explains how banks are working together to bridge Asia’s trade finance gap in TradeReady

Asia is set to contribute 60% of the world’s economic growth in 2017, driven by growing external demand as well as domestic reforms. Yet, a recent Asian Development Bank (ADB) survey estimates that approximately US$600 billion worth of trade in the region is failing to secure the financing it needs – out of a total …

Continue reading