- We provide the backbone
that allows companies,
banking institutions,
sovereign wealth funds
to launch new businesses
and track their investments
and to manage them effectively.
BNY Mellon has built
this stellar reputation
as being that financial
institution that one can trust.
A quarter of the world's assets
are entrusted in our safe keeping.
The needs of our clients are evolving
because the financial world is evolving.
And so, we as an institution are evolving,
we're at the forefront of
partnering with institutions,
like Microsoft, to tap
into the immense amount
of financial data that
we are entrusted with,
and ensure our clients
are enjoying the benefits
of that financial data in
partnership with Microsoft
who give us that expertise that they have
from an Azure perspective.
Microsoft and Azure are supporting us
in the data and analytics business
which is allowing us to
present the opportunities
to the large institutional investor base
of how to transform their operating models
from front to back.
Microsoft has been an integral
partner in that regard.
As we continue to see an uptick
in the usage of real-time
payments in the United States,
Microsoft Azure and Cloud
will be absolutely essential going forward
to ensuring that
resilience also translates
in the real-time payment space.
We have some of the highest
client retention rates
in the industry.
Some of the largest financial
institutions in the world
flow through to BNY Mellon
during times of crisis
and deposit their funds at BNY Mellon
because they trust BNY Mellon
more than any other
institution in the world,
governmental or not.
Microsoft is really at the forefront
of being a trusted technology company.
They understand the
challenges that big global,
systemically important
financial institutions face,
the regulatory hurdles
we have to overcome.
So it really does go back
to that one word "trust"
that we share with Microsoft,
and when it comes to
thinking about the future
of our infrastructure,
Microsoft is a clear partner.