BNY Mellon, Microsoft announce partnership

BNY Mellon (BK) and Microsoft (MSFT) are joining forces to transform capital markets and the broader financial services industry. Using Microsoft Azure cloud and BNY Mellon’s extensive financial data and analytics capabilities the platform will provide BNY Mellon’s buy side and sell side clients with a leading data management solution. The global alliance between two of the world’s leaders in their respective industries will help enable financial institutions to navigate complex market dynamics with precision and agility while enhancing risk management and optimizing operational efficiency. As part of the expanded collaboration, the two companies will look to explore how artificial intelligence technologies can be incorporated for improved productivity and better-informed decision making. With a focus on innovation and the expertise and platforms to help clients achieve their goals, BNY Mellon will also migrate its data and analytics workloads to Microsoft Azure.