BNY Mellon and GTreasury team up for cash deployment

BNY Mellon announced a new venture that will enable clients to access the cash management and payment capabilities of treasury management services provider GTreasury. The initiative integrates GTreasury’s cash and treasury management services, which enable treasurers to efficiently locate cash allocated across accounts with counterparties around the world, and then invest that cash into short-term or overnight investments like money market funds through BNY Mellon’s LiquidityDirect platform.

It’s the next step in the effort to convert the corporate treasury function from a cost center into a revenue generator by investing unencumbered cash in short-term vehicles like money funds. George Maganas, head of Liquidity Services at BNY Mellon, said in a statement: “Connecting those capabilities with LiquidityDirect is a natural fit, as it will enable clients to operate within one ecosystem to manage both their cash and payments while interacting with their global digital liquidity network for short-term investments via BNY Mellon.”

Under the new collaboration, BNY Mellon clients will have the opportunity to achieve greater visibility into their cash balances and more efficient use of these assets. With the enhanced transparency provided by GTreasury’s treasury and risk management platform, clients will be able to better identify where balances are located across bank accounts, regions and time zones and then deploy the assets to productive ends.

Due to the degree of integration that the two firms have been able to achieve, BNY Mellon clients will be able to sweep cash into funds available on LiquidityDirect without leaving the GTreasury environment. LiquidityDirect supports more than $6.5 trillion in transaction flow annually for more than 850 of the world’s largest corporate and institutional investors.

Read the full release

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