Finloop Launches CashPro Backed by BNY Investments' Liquidity Platform
Rhea-AI Summary
BNY (NYSE: BK) has partnered with Finloop Finance Technology to launch CashPro, an innovative instant liquidity management solution in Hong Kong. The solution leverages BNY Investments' liquidity platform to enable same-day interest accrual and hourly redemption capabilities, breaking traditional T+1 processing restrictions.
Finloop's existing T+0 money market fund solution has already processed hundreds of billions in USD transactions. CashPro currently supports USD holdings and plans to expand to other currencies including EUR, GBP, HKD, CNH, and JPY. The partnership combines BNY's $55.8 trillion in assets under custody and $2.1 trillion in assets under management with Finloop's AI-driven Web5 wealth technology platform.
Positive
- Partnership with major financial institution BNY enhances credibility and service offerings
- Same-day interest accrual and hourly redemption capabilities improve liquidity efficiency
- Planned expansion to multiple major currencies (EUR, GBP, HKD, CNH, JPY)
- Access to BNY's comprehensive liquidity network and advanced analytics
Negative
- None.
News Market Reaction
On the day this news was published, BK declined 0.73%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Finloop's existing T+0 money market fund solution has facilitated transactions amounting to hundreds of billions of
Through BNY Investments' liquidity platform, Finloop can access a comprehensive liquidity network, including cash movements and transfer, as well as advanced data and analytics to augment its liquidity management solutions for retail and institutional clients. "CashPro" is expected to help clients optimize cash management through data, which significantly enhances capital flexibility and liquidity efficiency.
"We are thrilled to collaborate with BNY Investments, a cherished alliance capable of offering this unique solution, to provide our clients unparalleled access to liquidity solutions," said Cheng Kang, Chairman of Finloop. "BNY Investments' liquidity platform has been pivotal in transforming 'CashPro' into a game changing solution for our clients. Finloop 'CashPro' currently services USD holdings and will expand to other currencies, including EUR, GBP, HKD, CNH, and JPY, in the near future."
"We are excited to power the launch of 'CashPro' with BNY Investments' liquidity platform," said Doni Shamsuddin, Head of
Finloop Finance Technology Holding Limited
Finloop Finance Technology Holding Limited, along with its subsidiaries (collectively referred to as "Finloop"), is an AI-driven global one-stop Web5 (Web2+Web3) wealth technology platform that offers comprehensive wealth management products and technology solutions to various financial institutions. Its offerings include cash management, public funds and private funds, structured products, bonds, insurance, and virtual assets. As a fintech leader in
BNY
BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in
BNY Investments is one of the world's largest asset managers, managing almost
[1] BNY Investments' liquidity platform is money market fund (MMF) investment portal for BNY Investments clients, powered by The Bank of New York Mellon's LiquidityDirectSM. The Bank of New York Mellon provides Liquidity Services pursuant to its Liquidity Services and Related Custodial Services Agreement ("Liquidity Services Agreement"), including the ability for client to authorize and direct The Bank of New York Mellon or its affiliates to invest cash balances in money market mutual funds and to access and use certain "Electronic Services" in connection therewith, each as described more fully in the Liquidity Services Agreement. |
View original content:https://www.prnewswire.com/news-releases/finloop-launches-cashpro-backed-by-bny-investments-liquidity-platform-302563808.html
SOURCE Finloop Finance Technology Holding Limited