NEW
YORK, April 12, 2024 /PRNewswire/ -- BNY Mellon
(NYSE:BK), the global financial services company, is collaborating
with Accenture (NYSE:ACN), a leading professional services company,
to modernize financial services offerings with an initial focus on
data management and analytics product development and delivery. The
companies will use leading technologies to unleash the power of
data at new speed to help their joint clients drive accelerated
growth.
Combining Accenture's data, AI, and platform engineering
expertise with BNY Mellon's comprehensive financial data and
analytics services will help accelerate the introduction of new
services across private markets and wealth management technology,
as well as support expansion into new markets. With the expertise
and platforms to help clients achieve their goals, BNY Mellon will
also work with Accenture to create exceptional client experiences.
The two companies plan to further collaborate on bringing the newly
developed services to market in the future to transform the
financial services industry.
"Transforming how organizations better manage and leverage
increasing volumes of data is a priority for BNY Mellon," said
Akash Shah, Chief Growth Officer,
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. In our 240th year of business, we are
proud that our experience helps provide innovative solutions and
capabilities for our clients."
BNY Mellon's Data & Analytics business is a long-established
provider of pre-eminent software, data management and an analytics
platform for capital markets with $47T data assets on the platform
and more than 800 clients.
"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," said Jack Azagury, group chief executive for Strategy
& Consulting at Accenture. "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, and we are excited about our joint
opportunity to bring new capabilities and products to clients in
the market."
The collaboration of Accenture and BNY Mellon is the latest
announcement by BNY Mellon as part of its technology and ecosystem
strategy focused on building new solutions to help its clients grow
their businesses. BNY Mellon's Data & Analytics business
recently announced a strategic alliance with Microsoft, focused on
transforming the capital markets through leading data management
solutions for its buy-side and sell-side clients.
About BNY Mellon
BNY Mellon is a global financial services company that helps make
money work for the world — managing it, moving it and keeping it
safe. For 240 years we have partnered alongside our clients,
putting our expertise and platforms to work to help them achieve
their ambitions. Today we help over 90% of Fortune 100 companies
and nearly all the top 100 banks globally access the money they
need. We support governments in funding local projects and work
with over 90% of the top 100 pension plans to safeguard investments
for millions of individuals, and so much more. As of December 31, 2023, we oversee $47.8 trillion in assets under custody and/or
administration and $2.0 trillion in
assets under management.
BNY Mellon is the corporate brand of The Bank of New York Mellon
Corporation (NYSE: BK). We are headquartered in New York City, employ over 50,000 people
globally and have been named among Fortune's World's Most Admired
Companies and Fast Company's Best Workplaces for Innovators.
Additional information is available on www.bnymellon.com. Follow us
on LinkedIn or visit our Newsroom for the latest company news.
About Accenture
Accenture is a leading global professional services company that
helps the world's leading businesses, governments and other
organizations build their digital core, optimize their operations,
accelerate revenue growth and enhance citizen services—creating
tangible value at speed and scale. We are a talent- and
innovation-led company with approximately 742,000 people serving
clients in more than 120 countries. Technology is at the core of
change today, and we are one of the world's leaders in helping
drive that change, with strong ecosystem relationships. We combine
our strength in technology and leadership in cloud, data and AI
with unmatched industry experience, functional expertise and global
delivery capability. We are uniquely able to deliver tangible
outcomes because of our broad range of services, solutions and
assets across Strategy & Consulting, Technology, Operations,
Industry X and Song. These capabilities, together with our culture
of shared success and commitment to creating 360° value, enable us
to help our clients reinvent and build trusted, lasting
relationships. We measure our success by the 360° value we create
for our clients, each other, our shareholders, partners and
communities. Visit us at www.accenture.com.
Media Contacts
BNY Mellon: Jessica.thomas@bnymellon.com
Accenture: Michael McGinn, m.mcginn@accenture.com
312-693-5707
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SOURCE BNY Mellon