BNY Mellon and Hazeltree, a provider of treasury solutions, have joined forces to deliver an independent platform that streamlines cash management for buy-side and corporate firms. The initiative delivers BNY Mellon’s full suite of cash, treasury and custody services through Hazeltree’s advanced treasury management technology.
The strategic relationship not only provides BNY Mellon clients with full transparency across their portfolio, regardless of where their money is held, but optimizes cash investment, streamlines FX hedging, and drives increased efficiency. By linking participants with BNY Mellon’s award-winning Liquidity DIRECTSM solution, clients can also take advantage of an array of investment vehicles.
In a collateral management study released in June, BNY Mellon found that over 60% of firms are developing enterprise-level functions to optimize the sourcing of collateral, funding and liquidity. The new platform addresses this industry need.
The initiative is being rolled out in phases to select BNY Mellon clients, that will be provided access to both the Hazeltree technology platform and the existing BNY Mellon infrastructure, including efficient payment processing via SWIFT.