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BNY Mellon Says Technology Shapes Path Forward

Traders Magazine
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Technology is the strategic partner for financial services businesses, changing products, services, and operating models, according to Bridget Engle, Chief Operations & Technology Officer, BNY Mellon.
“During the past year, the pandemic has really reinforced the power, the influence that technological advances are having on our industry,” she said, speaking at the Financial Services Summit, part of the digital Google Cloud Summit series.
“If we’re not in the leading edge, and staying a step ahead of our competition, we won’t deliver in the way that we need to for our clients,” she said.
BNY Mellon, a multi-trillion dollar institution, plays a “critical role in the financial services markets,” according to Engle. As of April 16, 2021, BNY Mellon had $41.7trn in assets under custody and/or administration, and $2.2trn in assets under management. ....

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Credit Suisse, HSBC See Value in Cloud - Traders Magazine

It is expected that more workloads and capabilities will move to the cloud. ....

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Alliance Data Systems

At a recent Financial Services Summit in Boston, Piper Jaffray said that it is most incrementally confident in the following companies:
“Alliance Data Systems (NYSE: ADS): Improving fundamentals. Growth and cash flow still underappreciated. Management continues to focus on reducing controversy in. Read More.
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