BNY Mellon's Pershing Reimagines Its Integration Portal
BNY Mellon's Pershing launched its next generation integration portal, NetXServices, on June 9, 2021. This portal enhances accessibility for clients, allowing them to utilize the extensive technology capabilities of the Pershing platform. It supports over 200 third-party provider integrations and offers features like rapid account opening and real-time trading. The company emphasized that demand for integrations has surged three-fold in the past year. With $2 trillion in assets and millions of investor accounts, Pershing aims to provide unparalleled digital solutions for financial firms.
- Launch of NetXServices portal enhances client access to technology capabilities.
- Three-fold increase in demand for integrations over the past year.
- Supports over 200 third-party integrations for enhanced service delivery.
- Offers one of the fastest account opening capabilities in the market.
- None.
JERSEY CITY, N.J., June 9, 2021 /PRNewswire/ -- BNY Mellon's Pershing ("Pershing") today announced that it has launched its next generation integration portal, NetXServices. The new portal makes it easier and faster for clients to access the full spectrum of technology capabilities on the Pershing platform, empowering firms—from fintechs to large enterprises—to rapidly deploy next generation applications for their clients.
"We are building the industry's most digital-forward platform," said Ram Nagappan, Chief Information Officer, BNY Mellon's Pershing. "Firms know that when they choose us as their partner, they get access to unparalleled scale and breadth of solutions via a simple and easy-to-integrate solution. Our new portal is scaled to become an innovators' dream for building one-of-a-kind experiences—whether that's digital-first, hybrid, or advisor-led."
The NetXServices portal, part of the BNY Mellon Marketplace, provides clients and third-party providers with greater levels of transparency and ease when it comes to consuming and integrating with the solutions available on the Pershing platform.
The portal offers a convenient way to tap into Pershing's full suite of capabilities, including one of the fastest account opening capabilities in the market (on more than 100 available registration types), real-time trading and order management, real-time portfolio holdings and balances, and execution across a variety of asset classes.
"Pershing's flexible, open-architecture platform is the backbone of our user interface," said Kyle Ryan, Executive Vice President of Advisory Services at Personal Capital. "From digital account opening to asset movements, Pershing's technology capabilities are critical to helping us deliver our unique client experience, which has become a gold standard for many in the industry."
Pershing integrates with over 200 third-party providers, using a variety of channels including Application Programming Interfaces (API), Single Sign-On (SSO), Financial Information Exchange (FIX), and Society for Worldwide Interbank Financial Communication (SWIFT) connections. Through its Integration Advisory Council, Pershing collaborates closely with 15 strategic third-party providers, who represent some of the most important parts of the advisor value chain, to identify new integration opportunities and enhance the experience on its platform.
"Demand for integrations with our platform has increased three-fold over the past year," said Kit Lee, Director of Technology and Head of Integration at BNY Mellon's Pershing. "The NetXServices portal is part of our multi-year investment in integration and will become a critical hub for firms looking for easy access to our capabilities and data."
Pershing's NetXServices portal provides information on the use case for integrations available on the platform so clients can easily identify their preferred solutions based on their unique needs. It also features in-depth guidelines to alleviate the need for technical support and significantly streamline product development all the way from business concept to development and full implementation.
Firms using Pershing's NetXServices are also be able to scale their digital experiences by tapping into the full breadth of services and data offered via the BNY Mellon Marketplace, which includes the recently launched real-time electronic payment solution, as well as BNY Mellon ESG Data Analytics, Cash Management, and Card and Account Management solutions, among many others.
ABOUT BNY MELLON'S PERSHING
BNY Mellon's Pershing is a leading provider of clearing and custody services. We are uniquely positioned to help complex financial services firms transform their businesses, drive growth, maximize efficiency, and manage risk and regulation.
Wealth management and institutional firms outsource to us for trading and settlement services, investment solutions, bank and brokerage custody, middle and back office support, data insights, and business consulting.
Pershing brings together high-touch service, an open digital platform and the BNY Mellon enterprise to deliver a differentiated experience for every client.
Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. With offices around the world, Pershing has over
ABOUT BNY MELLON
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of March 31, 2021, BNY Mellon had
Contact:
Sanuber Grohe
917-691-3185
sanuberbilguvar.grohe@pershing.com
View original content:http://www.prnewswire.com/news-releases/bny-mellons-pershing-reimagines-its-integration-portal-301309053.html
SOURCE Pershing LLC
FAQ
What is the NetXServices portal launched by BNY Mellon (BK)?
When was the NetXServices portal launched?
What benefits does the NetXServices portal provide to clients?
How has demand for integrations changed for Pershing (BK)?
What assets does Pershing manage?
