1. Home
  2. News

Industry roundup: 30 June

BNY Mellon collaborates with Microsoft on ESG data and analytics solutions 

The Bank of New York Mellon Corporation (BNY Mellon) has announced the launch of three data and analytics solutions that are designed to help investment managers better manage their data, improve the success of US-listed fund launches and support the customisation of investment portfolios to preferred environmental, social, and governance (ESG) factors. 

Additionally, as part of its digital strategy to collaborate with external partners, BNY Mellon has expanded its relationship with Microsoft to create data, technology and content solutions for investment managers built on Microsoft Azure. Three new offerings already launched include:

  • Data Vault: A cloud-based data and analytics platform that supports the rapid onboarding of data to provide greater flexibility and accelerate client innovation and discovery. Combining this with a scalable, machine learning approach to data quality, users can more quickly and easily interact with data to gain actionable insights.
  • Distribution Analytics: Takes advantage of machine learning to help asset managers better understand predictive market demand drivers and sales momentum for mutual funds and exchange traded funds in the US so they can gauge how to successfully gain market share.
  • ESG Data Analytics: Uses artificial intelligence to customise investment portfolios to individual ESG preferences with support from crowdsourced ESG data and demonstrability screens.

BNY Mellon Data and Analytics Solutions is a recently created cloud-based software and content offering that combines the established expertise and resources of the Eagle product suite, Intermediary Analytics and other BNY Mellon technology and data assets. It features an open ecosystem of proprietary and third-party business applications geared to help investment managers more efficiently manage and leverage their data so they can serve their clients more effectively and make better decisions in the front, middle and back office. 

 

Entersekt offers guidance on securing the mobile channel amid FBI cautions

Entersekt, a global provider of digital security solutions, has released its updated guidance for financial institutions in a white paper, 'Securing the Mobile Banking Channel'. This follows the FBI warning that an increase in attacks on banking applications by cybercriminals and fraudsters is likely, as customers stuck at home during the COVID-19 pandemic rely more heavily on these platforms.

The whitepaper outlines the opportunities presented by mobile, as well as the new set of threats that arise from it, including the explosive rise of mobile malware, vulnerabilities stemming from poor app design and configuration, weaknesses in mobile device ID, as well as flawed authentication. It also addresses the necessary balance of regulatory-compliant security and ease-of-use. In other words, how financial institutions can solve the security and user experience equation.

It then lays out the best practices to secure the mobile channel in order for organisations to take full control over their security. These include:

  • Avoiding reliance on SMS, OTPs and native device security.
  • Harnessing the power of public key infrastructure on mobile phones.
  • Building a second, secure channel for user transaction and authentication.
  • Taking a layered approach to boost security for high-value, high-risk transactions.
  • Involving customers in securing their transactions.

 

ING’s new office receives highest sustainability rating

ING's new office has received an ‘outstanding’ rating by sustainability rater BREEAM-NL. The rating is based on scores over nine categories: management, health, energy, transportation, water, materials, waste, use of land and ecology, and pollution. The building received a score of 100% in the categories energy, transportation and waste, leading to an overall score of 93.7%. 

The perfect score in energy makes the office, called Cedar, a ‘nearly zero-energy building’. ING has plans to go full energy-neutral with Cedar, teaming up with European energy company Vattenfall to build a solar panel park nearby. The energy produced by the 3,600 solar panels there will be completely for ING, adding to the 2,150 solar panels on Cedar’s roof. 

ING’s Corporate Real Estate and Facility Services in the Netherlands has been taking steps to improve the sustainability of its branch offices. The goal is for over half of the bank's current new format branches to receive a BREEAM-NL rating of ‘Very good’ or higher by the end of the year. Especially noteworthy is ING’s building on the Herengracht in Amsterdam’s historical centre. The monumental building dates from 1686 and is one of the first of its kind to receive an ‘Excellent’ rating.

The efforts to make its buildings more sustainable come as part of ING’s Environmental Programme. Targets include reducing CO2e emissions from buildings and data centres by 80% by year-end 2022 from 2014 and reducing energy consumption by 65% by year-end 2030 from 2014.

 

Kyriba secures 'Most Innovative Fintech Company in North America' plaudits

Kyriba, a cloud-based finance software network for CFOs and treasury leaders, has been recognised as North America’s “Most Innovative Fintech Company” in 2020 by Global Finance Magazine. Kyriba joins a prestigious list of previous high-profile winners, including Bank of America, Amazon, Alfa Bank, Mashreq and National Bank of Kuwait.

Kyriba Payments Network, a recently added suite of solutions to address the growing CFO mandate to combat payments fraud, centralise payments and unlock organisational efficiency, was also named the Most Innovative Payments Solution in 2020.

Like this item? Get our Weekly Update newsletter. Subscribe today


This item appears in the following sections:
News

Also see