Bank of New York Mellon said Monday that its treasury services business is developing an online platform called TreasuryEdge.

The system would provide clients with advanced balance reporting, improved security and other features. TreasuryEdge, which will begin testing in December, is intended to replace BNY Mellon's iTelecash and CA$H Register Plus platforms.

"As our flagship technological offering, TreasuryEdge reflects our emphasis on innovation, combining in a single, integrated platform our best thinking about how technology can contribute to our clients' success," Eric Kamback, an executive vice president and the chief executive of BNY Mellon Treasury Services, said in a press release.