BNY Mellon Launches TreasuryEdge(SM) Mobile
Nov 2, 2011
NEW YORK, November 2, 2011 — BNY Mellon, the global leader in investment management and investment services, today announced the launch of TreasuryEdge(SM) Mobile, designed to assist clients with managing their electronic banking transactions and related information reporting from an iPad®. TreasuryEdge Mobile joins offerings available from BNY Mellon's liquidity services, asset servicing, and global markets businesses as part of a growing series of integrated applets available via BNY Mellon Connect. Designed to provide clients with a single point of interface for iPad-based BNY Mellon offerings, BNY Mellon Connect has been available for download via the App Store since early this past summer.
An adaptation of BNY Mellon's new TreasuryEdge desktop electronic banking application, TreasuryEdge Mobile delivers key TreasuryEdge features adapted specifically for client use on iPads and other mobile devices. Available for download to registered TreasuryEdge users at the App Store through BNY Mellon Connect(SM) Mobile, TreasuryEdge Mobile will allow Treasury Services clients to quickly access key data elements and initiate, approve and/or release transactions using their mobile device.
"Our two most important priorities are providing innovative solutions that help our clients succeed, and integrating treasury services with other BNY Mellon businesses to make sure we're delivering the full range of BNY Mellon's capabilities to our clients," said Susan Skerritt, executive vice president and global head of business strategy & market solutions for BNY Mellon Treasury Services. "TreasuryEdge Mobile delivers on both of those commitments. Uniquely responsive to client needs for service on a 'wherever, whenever' basis, this new app fully leverages the mobility, convenience and efficiency advantages of today's smart mobile devices. It also integrates our Treasury Services offerings with other related BNY Mellon capabilities, notably our liquidity services. The debut of TreasuryEdge Mobile marks an important step forward in realizing the potential of BNY Mellon Connect Mobile for our clients."
Featuring a client-friendly dashboard display, TreasuryEdge Mobile has been designed to provide:
- Timely information on the client's cash accounts, with information related to decision-making on cash flows, balance and investment levels
- An activity feature that allows clients to report and take action on various payment activities
- Transaction tools that allow clients to create, verify or release intra-company transactions
- Reporting tools that allow for the generation and delivery of basic TreasuryEdge reports to the mobile device
Additional features and functionalities will be added to TreasuryEdge Mobile in upcoming releases.
Like all of the offerings available via BNY Mellon Connect Mobile, TreasuryEdge Mobile was designed with crucial security safeguards. BNY Mellon Connect Mobile is secured by multi-factor authentication that includes a combination of user ID, password, and mobile device identifier. First time users of the app with Web-based log-in credentials as an existing BNY Mellon client are taken through an enrollment process.
With locations on six continents and a network of more than 2,000 correspondent financial institutions, BNY Mellon's Treasury Services group delivers high-quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 currencies. Processing more than $1.6 trillion in payments transactions on a daily basis, the company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of white-label treasury services solutions for banks and other large institutional clients.
BNY Mellon, the global leader in investment management and investment services, BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.9 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com and through Twitter@bnymellon.
TreasuryEdge Mobile demonstrations will be available at the BNY Mellon booth — booth #2025 — at the 2011 AFP Annual Conference in Boston. Representatives from BNY Mellon's Treasury Services and Liquidity Services group will be on hand to discuss the integration of treasury and liquidity management offerings as part of the BNY Mellon Connect Mobile app.