The Bank of New York Mellon Corporation (BNY) has announced the integration of the bank’s LendingLite service with its new CollateralOne for buy-side platform.
It said that the new platform expands the triparty offering for the buy-side by connecting clients to other parts of BNY’s business and enables users to centralise how they manage their collateral and financing activities.
Using the new integrated platform, BNY customers will be able to view all their BNY assets, liabilities and opportunities in one place.
BNY claims that by connecting its lending services with the CollateralOne for buy-side platform, clients will be able to identify opportunistic specials-only lending.
Additionally, BNY said the new platform will help its customers generate incremental revenue from lending, without committing to a full-scale securities lending programme.
“In today’s complex investment landscape, our clients are looking for comprehensive solutions that simplify securities lending, financing and collateral management,” said Adam Vos, global head of markets at BNY. “With this integration, our buy-side clients can leverage the benefits of engaging in securities lending within a single ecosystem, grounded in BNY’s leadership in triparty collateral management.”
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