NEW
YORK and SAN DIEGO,
April 9,
2024 /PRNewswire/ -- BNY Mellon (NYSE:BK), the
global financial services company, today announced a new
collaboration of its short-term investment platform,
LiquidityDirect, with Kyriba, a global leader in cloud
treasury and finance solutions.
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 90% of Fortune 100 companies and nearly all the top 100
banks globally access the money they need. We support governments
in funding local projects and work with over 90% of the top 100
pension plans to safeguard investments for millions of individuals,
and so much more. As of December 31, 2023, we
oversee $47.8 trillion in assets under custody and/or
administration and $2.0 trillion in assets under
management.
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 $15 trillion in
payments annually and gives customers complete visibility and
actionability, so they can optimize and fully harness liquidity
across the enterprise and outperform their business strategy. For
more information,
visit www.kyriba.com.
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