BNY Mellon and Microsoft Join Forces to Develop Next-Generation Capital Markets Data & Analytics Platform

BNY Mellon announced its partnership with Microsoft to develop next-generation data management and software products tailored to the unique needs of capital markets firms.

Using Microsoft Azure cloud and BNY Mellon's extensive financial data and analytics capabilities, the platform will provide BNY Mellon's buy side and sell side clients with a leading data management solution.

As part of the expanded collaboration, the two companies will look to explore how artificial intelligence (AI) technologies can be incorporated for improved productivity and better-informed decision-making. BNY Mellon will also migrate its data and analytics workloads to Microsoft Azure, Microsoft's public cloud computing platform.

"The technology and data ecosystems are becoming more complex, competitive and cost-intensive for our clients," said Akash Shah, Chief Growth Officer, BNY Mellon. "Combining BNY Mellon's data infrastructure and analytics services with Microsoft's cloud solutions will provide our buy side and sell side clients with a leading data management solution designed to offer deeper insights and actionable data that can help improve their investment performance, distribution reach, and risk management.

"This strategic alliance underscores Microsoft's commitment to advancing the frontiers of cloud computing to drive transformative change across industries," said Karen Del Vescovo, Corporate Vice President & U.S. Financial Services Lead, Microsoft. "The collaboration with BNY Mellon sets the stage for a new era in capital markets, where the fusion of data analytics and emerging technologies, such as AI, powers unprecedented platform innovation and provides an ecosystem of capabilities across investment and data lifecycles."