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How Collaboration Fueled Launch of BNY Mellon’s New Payments Infrastructure
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KBurger
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KBurger,
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2/24/2014 | 3:28:54 PM
re: How Collaboration Fueled Launch of BNY Mellon’s New Payments Infrastructure
Good point. I think in treasury services/corporate payments the focus has been on operational efficiency, competitive pricing, somewhat new products but in such a competitive space it's been more about helping corporate clients do things more efficiently at the lowest price. That's nor really a competitive diffferentiator. So I agree that the analytics capabilities hold a lot of potential to help BNY Mellon develop more insights that can lead to innovation -- or at least a more customized, real-time customer experience.
Byurcan
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Byurcan,
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2/21/2014 | 2:02:32 PM
re: How Collaboration Fueled Launch of BNY Mellon’s New Payments Infrastructure
As noted, innovation, especially in the payments space, is perhaps not at the same level in treasury services a sin consumer banking. Banks can really differentiate themselves in this market with services such as this. Sharma's comment about analytics and gleaning insight from transaction data is also interesting, and is something companies really need to do, if they aren't already.


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