BNY

The bank deepened its relationship with Circle Internet Group, letting institutions store, transfer, mint and burn USDC.

Under Barker's guidance, the bank has employed artificial intelligence, blockchain and the latest in technology to ease institutional clients' burdens.

Laide Majiyagbe is broadening the bank's platforms for cash investing, tokenized fund access and collateral mobility.

BNY's chief product and innovation officer is a self-described math nerd. Her affinity for applied mathematics is evident in everything she touches and the products it produces.

CEO Robin Vince defended the custody bank's use of artificial intelligence Monday, saying that the deployment of AI allows firms to increase their investment capacity.

America's oldest bank enjoyed a 33% increase in its bottom line, as economic turbulence fueled business and the company's efforts to improve efficiency and boost cross-selling paid dividends.

The custody bank reported a strong fourth quarter, as it continued to push forward with its new operating model. The momentum contributed to the bank's decision to lay out new financial targets, including a goal to achieve a return on tangible common equity of 28% in the next three to five years.

New research from American Banker details how the 50 largest U.S. banks by U.S. assets are using stablecoins, cryptocurrencies and other distributed ledger technology.

U.S. commercial banks and savings banks have reduced employment by nearly 81,000 since the first quarter of 2023, including a net loss of 7,463 positions during the third quarter of this year, according to a new report from KRBA Financial Intelligence. Big banks, which have been embracing artificial intelligence, were big contributors to the decline.

BNY estimates the market for stablecoins, tokenized deposits and other assets will reach a combined value of $3.6 trillion in four years, while Standard Chartered says the entire banking industry will soon be "tokenized." The trend is creating pressure to update strategies and technology.

Following the new GENIUS Act, BNY's fund provides a regulated vehicle for stablecoin reserves, distinct from its separate tokenization projects.

The global financial services company is providing BaaS infrastructure to the digital asset branch of investment platform WisdomTree.

BNY's Carolyn Weinberg believes blockchain technology could be the key to an always-on operating system for the New York-based custody bank.

The Bank of New York Mellon had 117 different AI solutions in production at the end of September, Chairman and CEO Robin Vince said. That's up 75% from the second quarter.

Barker sits down with American Banker Editor-in-Chief Chana Schoenberger to talk about her business.

Clients want payments in real-time, so Barker is leaning into RTP and FedNow. She's also all-in on treasury services powered by AI and analytics.

Demand for tokenized assets, real-time data and collateral mobility is turning asset servicing into a strategic differentiator for BNY—and Portney is looking to capitalize on all of it.

The giant custody bank plans to offer specialized instruction in cybersecurity, AI and other topics to 1,000 community bank executives.

In New York City and elsewhere, financial institutions are taking stock of their office-building security protocols following the killing of four people, including an investment bank executive, in Midtown Manhattan. Security experts say that layers of protection are essential in all office buildings.

"During my tenure as CEO, we have never entertained discussions regarding the sale of the company with any financial institution," CEO Michael O'Grady told analysts Wednesday. The Wall Street Journal reported last month that the two banks' CEOs had at least one conversation about a potential merger.