Bank of New York Mellon is reportedly exploring tokenized deposits as a way to enable its clients to make payments using blockchain. The bank is considering this technology as it modernizes its infrastructure, including that of its treasury services business that handles $2.5 trillion worth...
Treasury management is getting a blockchain-based makeover just as the function shoots up the priority list of enterprises. The news Wednesday (July 23) that BNY and Goldman Sachs are partnering to bring traditional financial instruments like money market funds (MMFs) onto blockchain infrastructure underscores that this...
Banks — the stalwarts of traditional lending — are finding new channels and conduits to getting capital to borrowers, across alternative channels, and with FinTech collaborations forged and expanded. Alternative lending (or alt-lending) gets funding, typically short-term in nature, to borrowers, with one particular ready-made...
For the past 15 years, blockchain has been attempting to transform the global financial system. Or, if you listen to some of the earlier adherents of the digital asset sector, attempting to replace it. However, the inherently anonymous nature of the crypto industry’s web3 technology...
July 23, 2025
Treasury management is getting a blockchain-based makeover just as the function shoots up the priority list of enterprises. The news Wednesday (July 23) that BNY and Goldman Sachs are partnering to bring traditional financial instruments like money market funds (MMFs) onto blockchain infrastructure underscores that this shift is not about speculative digital assets or crypto-native DeFi […]
March 21, 2024
Banks — the stalwarts of traditional lending — are finding new channels and conduits to getting capital to borrowers, across alternative channels, and with FinTech collaborations forged and expanded. Alternative...
September 02, 2022
The possibilities of Web3 are becoming increasingly apparent. This newest iteration of the internet will feature a strong emphasis on decentralized applications, heavy use of machine learning and artificial intelligence...
February 28, 2022
Payments executives and chief financial officers want more from their business payments than just making them digital: They expect an experience that mimics the ease and convenience of retail payments....
October 07, 2025
Bank of New York Mellon is reportedly exploring tokenized deposits as a way to enable its clients to make payments using blockchain. The bank is considering this technology as it modernizes its infrastructure, including that of its treasury services business that handles $2.5 trillion worth of payments per day, Bloomberg reported Tuesday (Oct. 7), citing […]
March 12, 2024
Goldman Sachs and BNY Mellon are reportedly delving deeper into the world of blockchain transactions. The two banks were among several firms that took part in a series of tests on a blockchain network connecting...
February 05, 2024
Canadian FinTech SS&C is reportedly accusing banking giant BNY Mellon of data misuse. The long-standing legal dispute is returning to court, Bloomberg News reported Monday (Feb 5), with SS&C — which provides operations services for...
January 29, 2024
BNY Mellon has unveiled its new cash management solution, called Virtual Account-Based Solutions. This offering aims to provide clients with enhanced access and control over their cash administration activities and...
