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BNY Mellon to launch an innovation centre in Singapore

BNY Mellon to launch an innovation centre in Singapore

BNY Mellon will open its latest global innovation centre in Singapore on November 17.

As the eighth innovation center within a global network, the Singapore innovation center is designed to facilitate collaboration with fintechs and clients in Asia for the creation of data-driven market solutions that will operate within BNY Mellon’s digital ecosystem, NEXEN.

The NEXEN consolidates solutions from BNY Mellon, select third-parties and clients globally onto one single platform.

BNY Mellon is in talks with more than 300 fintech start-ups globally via NEXEN and its network of innovation centres worldwide.

‘The BNY Mellon innovation center in Singapore is designed to take clients through a digital journey by leveraging NEXEN technologies to showcase the power of application program interfaces.

‘With unallocated seating and no audio or visual barriers on the engineering floor, the open plan space offers a collaborative environment that encourages innovation,’ said Hans Brown, Asia Pacific head of client technology solutions at BNY Mellon.

Stephen Lackey, chairman of Asia Pacific at the firm also said that the opening of the eighth innovation centre in Asia reflects the region’s rapidly developing innovative technology and fintech landscape as well as the increasing importance of Asia to the company’s business.

The Singapore innovation center joins an established network of seven locations globally, including Pune, the first center opened in 2014, Silicon Valley, Jersey City, Chennai, London, Pittsburgh, and Central New York.

As of September 30, BNY Mellon had $1.72 trillion in assets under management.

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