The Bank of New York Mellon Corporation – Digital Transformation Strategies

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BNY Mellon Digital Transformation Strategies Overview

Bank of New York Mellon Corp (BNY Mellon) is leveraging AI and big data technologies as a part of its digital transformation strategies. The annual ICT spending of BNY Mellon was estimated at $1.5 billion in 2023. A major share of this spending is earmarked for acquiring software, ICT services, and network and communications from vendors. BNY Mellon is a provider of investment solutions. Its portfolio of offerings consists of investment services, assets servicing, custody, corporate trust, foreign exchange, securities finance, clearing, and collateral management services. The company’s wealth management offerings include private banking, wealth and estate planning, family office services, and information management.

The ‘BNY Mellon Digital Transformation Strategies’ report will act as a reference point to understand the company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, partnerships, investments, acquisitions, and ICT spending among others.

Total ICT Spending 2023 $1.5 billion
ICT Spend by Function Data Center, Communications, Network, Application, End-User Computing, Management, and Service Desk
ICT Spend by Channel Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems Integrators
External ICT Spend by Segment Software (Including Cloud SaaS), Hardware (Including Cloud IaaS), ICT Services, Consulting, Network and Communications, and Others
Technology Theme Focus Artificial Intelligence, Big Data, Cloud, Blockchain, and Payments
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Digital Transformation Strategies

BNY Mellon’s Data Vault, a cloud-based data management and analytics platform is integrated with multiple data sources, including data vendors, third-party data providers, and its data management solutions to help clients store and manage their investment data for over 20 years. BNY Mellon’s customers use Data Vault to consolidate large amounts of data from multiple sources in one place and analyze them to make informed business decisions. To enhance efficiencies across its operations, BNY Mellon is consolidating and integrating technology platforms, standardizing middle-office and data offerings, digitizing engagement with clients, and automating onboarding.

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BNY Mellon Technology Theme Focus

BNY Mellon is utilizing several emerging technologies including artificial intelligence, big data, blockchain, cloud, and payments to enhance operational efficiency and product offerings.

BNY Mellon Technology Focus

BNY Mellon Technology Focus

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BNY Mellon Technology Initiatives

BNY Mellon has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs over the past few years. For instance, BNY Mellon’s Pershing X, a technology provider and business unit of BNY Mellon | Pershing, joined hands with Snowflake, the data cloud company, to bring the Snowflake Data Cloud to Pershing X’s suite of data offerings for clients. In addition to an advisory platform offering that connects an investor’s financial picture into one data-driven system, Pershing X is also expanding its stand-alone data service offerings to wealth management firms. By leveraging Snowflake Financial Services Data Cloud, Pershing X will help clients access their data faster, as well as collect, manage, and report their data more efficiently.

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BNY Mellon ICT Spend by Function

  • Data Center
  • Communications
  • Network
  • Applications
  • End-user Computing
  • Management
  • ICT Service Desk

BNY Mellon ICT Spend by Function, 2023 (%)

BNY Mellon ICT Spend by Function, 2023 (%)

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BNY Mellon ICT Spend by Channel

  • Internal Development and Maintenance
  • Technology Vendors (Direct)
  • Local Resellers
  • Telcos
  • ICT Services Providers/Consulting Firms
  • Specialist Outsourcers
  • Systems Integrators

BNY Mellon ICT Spend by Channel, 2023 (%)

BNY Mellon ICT Spend by Channel, 2023 (%)

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BNY Mellon External ICT Spend by Segment

  • Software (Including Cloud SaaS)
  • Hardware (Including Cloud IaaS)
  • ICT Services
  • Consulting
  • Network and Communications
  • Others

BNY Mellon External ICT Spend by Segment, 2023 (%)

BNY Mellon External ICT Spend by Segment, 2023 (%)

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This report provides:

  • Insight into BNY Mellon’s technology activities.
  • Insights of its digital transformation strategies and technology center & innovation program.
  • Overview of technology initiatives covering product launches, partnerships, investments, and acquisitions.
  • Insights on each technology initiative including technology theme, objective, and benefits.
  • Details of estimated ICT budgets and major ICT contracts.

Reasons to Buy

  • Gain insights into BNY Mellon’s technology operations.
  • Gain insights into its technology strategies and innovation initiatives.
  • Gain insights into its technology themes under focus.
  • Gain insights into its various product launches, partnerships, investments, and acquisitions.

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Table of Contents


– Brief information about the company, its business divisions, and its financials

Digital Transformation Strategy                                                      

– A summary of key digital strategies/implementation efforts of the company

Accelerators, Incubators, and Other Innovation Programs      

– Discusses the company’s key strategic units, innovation labs, incubation, and accelerator programs dedicated to technology innovation

Technology Focus                                                                               

– Lists the technology themes pertinent to the industry the company operates in and highlights the themes adopted by the company

Technology Initiatives                                                                        

Discussion about all the technology introductions & partnerships the company has entered


Brief discussion about the investments made by the company to acquire new technologies


Brief discussion about the acquisitions by the company

Partnership, Investment & Acquisitions Network Map           

– A bird’s eye view of all the partnerships/investments/acquisitions that the company has made in the last 3-5 years

ICT Budget and Contracts                                                                  

– The company’s ICT budget segregated into hardware, software, and managed IT services

Key Executives                                                                                     

– Lists key executives and Digital Transformation Executives of the company, typically the key decision makers/influencers

Frequently asked questions

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