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Let’s see BNY’s journey from its inception. BNY Mellon celebrates its 240th anniversary. From its inception to becoming a global leader in investment management and investment services, BNY Mellon’s journey mirrors the evolution of the global financial landscape. 1️⃣7️⃣8️⃣4️⃣- BNY Mellon was founded by Alexander Hamilton as Americas first bank.🏦 1️⃣9️⃣5️⃣5️⃣- Enabled access for OTC ADRs. Known for over the counter market of the American Depository Receipts. 1️⃣9️⃣5️⃣8️⃣- Bank let the way for more streamline for bookkeeping practices with the help of its first computer 🖥️ - IBM 650. 1️⃣9️⃣8️⃣5️⃣- Initiated Tri-Party trades. Tri-Party repo reduces the cost funding in order to provide the liquidity from multiple assets type globally. 2️⃣0️⃣1️⃣3️⃣- Linked the access edge portal to Bloomberg to help clients further optimise the collateral management through automated deal matching. 2️⃣0️⃣1️⃣7️⃣- Bank was the first to execute a real time payment using the clearing house network in 2017. 2️⃣0️⃣2️⃣3️⃣- Debuted Wove. Its groundbreaking wealth management platform integrates the technology tools advisor use into single data driven platform. Wove is an industry that enable wealth advisors to seamlessly connect all the components of client’s financial picture in one place. Today, BNY Mellon continues to maintain its commitment to innovation & digital transformation. Leveraging AI & other emerging technologies to enhance its products and services, optimise its operation & empower its employees. BNY Mellon touches approximately 20% of the world’s investable assets. #bnymellon #240years
