BNY Mellon teams up with Accenture to transform financial services through enhanced data management and analytics
BNY Mellon (NYSE:BK), in partnership with Accenture (NYSE:ACN), has embarked on a significant initiative aimed at transforming financial services by focusing on data management and analytics. This collaboration leverages BNY Mellon’s extensive financial data and analytics expertise alongside Accenture’s proficiency in data, AI, and platform engineering. The goal is to accelerate the development and delivery of innovative financial services, particularly targeting private markets and wealth management technology sectors.
The partnership aims to enrich the client experience by integrating leading technologies that expedite data utilization, thus fostering accelerated growth. This strategic move is expected to not only streamline current operations but also pave the way for expansion into new markets. BNY Mellon’s Chief Growth Officer, Akash Shah, emphasized the importance of this initiative, stating, “Transforming how organizations better manage and leverage increasing volumes of data is a priority for BNY Mellon. By harnessing the latest technology and our shared expertise with Accenture, we can support clients in transforming their operating models to utilize the power of their data to drive efficiency and growth.”
Accenture’s group chief executive for Strategy & Consulting, Jack Azagury, also shared his enthusiasm for the project, remarking, “BNY Mellon has a bold vision—to reinvent how it serves its clients with data and analytics so that they can reach new levels of agility, performance, and returns. We are proud to advance our commitment to helping BNY Mellon use next-level technologies to set a new bar for the industry and drive more value creation for its business and its customers.”
This collaboration marks another strategic effort by BNY Mellon to enhance its technological offerings, following a recent alliance with Microsoft aimed at transforming capital markets with advanced data management solutions. BNY Mellon’s Data & Analytics business, a long-established leader with $47T in data assets and over 800 clients, continues to be at the forefront of offering premier software, data management, and analytics platforms.