Mar 3, 2014
Seventh consecutive ranking as best provider for private label services in Global Finance magazine’s annual Treasury & Cash Management survey
NEW YORK, March 3, 2014 — BNY Mellon, a global leader in investment management and investment services, has been ranked global winner as best Treasury & Cash Management White Label System provider by Global Finance magazine. Appearing in the March issue of Global Finance, this year’s recognition marks the seventh consecutive year that BNY Mellon has topped the magazine’s annual private label system provider ranking.
Global Finance used a multi-tiered assessment process – including a readers’ poll, input from industry analysts, corporate executives, technology experts and independent research – to select this year’s best providers of treasury and cash management services. A variety of subjective and objective criteria were considered, including profitability, market share and reach, customer service, competitive pricing, product innovation and differentiation around core service delivery.
Pointing out that technological advances are giving treasurers increasingly sophisticated options, Global Finance editor Andrea Fiano noted that, “Many local banks are stepping up their game, building their regional presence by partnering with global banks to provide one-stop shopping support for corporate clients.”
"Private label solutions are a great way for banks to manage costs and risks in an increasingly complex regulatory and technological environment,” said Greg Malosh, managing director and head of Information and Liquidity Products for BNY Mellon’s Treasury Services group. "Allowing our client banks to provide leading edge solutions while focusing their time and resources on client needs and priorities, our private label services make an important contribution to their competitive positioning and financial success.”
BNY Mellon's private label offerings leverage the product, client support and technology strengths of BNY Mellon’s Treasury Services group, allowing private label clients to access a sophisticated array of treasury services while minimizing the costs and operational complexities associated with product development and platform and system enhancements. Encompassing an extensive array of cash management and multicurrency payment solutions, services are provided to clients in a variety of forms, ranging from private label processing solutions to full operations outsourcing.
With locations on six continents and a global network of correspondent financial institutions, BNY Mellon's Treasury Services business delivers high-quality performance in global payments, trade services, and cash management. The company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of private-label treasury services solutions for banks and other large institutional clients.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of December 31, 2013, BNY Mellon had $27.6 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.