BNY Mellon and Kyriba Announce Collaboration to Combine Short-Term Investment LiquidityDirect™ Platform with Kyriba's Scalable SaaS Solution
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The partnership between BNY Mellon and Kyriba represents a strategic move to enhance the capabilities of LiquidityDirect, BNY Mellon's short-term investment platform. This collaboration aims to provide clients with improved liquidity performance and cash visibility. The integration of Kyriba's cloud-based treasury solutions into LiquidityDirect could streamline treasury operations, potentially leading to cost savings and improved operational efficiency for users.
From a financial perspective, this move could be seen as an attempt by BNY Mellon to stay competitive in the financial services industry by leveraging technology to offer more comprehensive solutions. It could attract new clients looking for integrated cash management services and retain existing clients by improving their user experience. The enhanced platform may also contribute to an increase in transaction volume and, consequently, revenue for BNY Mellon.
The collaboration between BNY Mellon and Kyriba is indicative of a broader trend in the financial services industry towards digital transformation and the adoption of SaaS solutions. The demand for enhanced cash management and liquidity solutions is growing as businesses seek to optimize their financial operations. By integrating Kyriba's services, BNY Mellon not only meets this demand but also positions itself as an innovator in the space.
Market research suggests that the integration of advanced technology in financial services is a key factor in client retention and satisfaction. Therefore, this partnership could improve BNY Mellon's market position and brand perception, potentially impacting its stock positively if the market views this as a step towards future growth and profitability.
The technical aspect of integrating Kyriba's SaaS solutions with BNY Mellon's LiquidityDirect platform is significant. It involves ensuring that the systems work together seamlessly, providing a holistic experience for the end-user. The successful implementation of this integration is important for achieving the intended operational efficiencies.
This integration is expected to automate several processes that were previously manual, reducing the potential for human error and increasing the speed of transactions. For businesses, the ability to have a more accurate and real-time view of their liquidity could lead to better decision-making and risk management. This technical enhancement could serve as a differentiator for BNY Mellon in a competitive market where clients are increasingly looking for tech-forward financial partners.
This development combines Kyriba's secure, scalable SaaS solution to BNY Mellon's LiquidityDirect platform to enhance liquidity performance and unlock greater cash visibility. In addition, clients are provided with a seamless, holistic cash management experience that bridges operational efficiencies for self-directed cash management, payments and investments.
"By collaborating with Kyriba, we are further enhancing the LiquidityDirect product suite to deliver a unified client experience," said George Maganas, Global Head of Liquidity Services, BNY Mellon. "This is yet another example of BNY Mellon's 240-year commitment to developing innovative solutions that provide our clients with widespread and seamless support across the investment cycle."
"Whether its cash visibility or trade execution, treasury teams are demanding increased efficiency and straight through execution," said Edi Poloniato, Global Head of Banking Channel & Working Capital Solutions, Kyriba. "Collaborating with BNY Mellon's LiquidityDirect platform enables our customers to improve their liquidity performance."
Through this integration with Kyriba, BNY Mellon is continuing its ongoing collaboration with several leading treasury workstations and cash management systems on behalf of its 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
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 Kyriba Corp.
Kyriba is a global leader in liquidity performance that empowers CFOs, Treasurers and IT leaders to connect, protect, forecast and optimize their liquidity. As a secure and scalable SaaS solution, Kyriba brings intelligence and financial automation that enables companies and banks of all sizes to improve their financial performance and increase operational efficiency. Kyriba's real-time data and AI-empowered tools empower its 3,000 customers worldwide to quantify exposures, project cash and liquidity, and take action to protect balance sheets, income statements and cash flows. Kyriba manages more than 3.5 billion bank transactions and
Media Contacts
BNY Mellon:
Ryan Wells
ryanw@bnymellon.com
Melissa Walters
Melissa.walters@bnymellon.com
Kyriba:
Natalie Paffman
natalie.paffmann@kyriba.com
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SOURCE BNY Mellon
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