The Bank of New York Mellon Corporation (NYSE:BK) has announced the deployment of its cloud native data platform for the first time in the UAE, after being commissioned by Lunate Capital, the Abu Dhabi-based global alternative investment manager, to provide it with a transformative data operating model.
With a commitment to supporting the Gulf Cooperation Council’s (GCC) financial markets, investors and leading banking groups, BNY Mellon’s Data and Analytics platform enables clients to stay at the forefront of cloud data management. By deploying leading technology, BNY Mellon integrates existing data sources with external data sets, helping its clients gain a competitive advantage.
“Lunate is delighted to be working with BNY Mellon to provide cloud data management solutions,” said Seif Fikry, Managing Partner, Lunate. “Lunate aims to be one of the world’s leading private markets solutions providers, seeking best-in-class risk-adjusted returns for our clients. We believe BNY Mellon will help give us, and therefore our clients, an edge.”
BNY Mellon’s Data and Analytics business recently announced a strategic alliance with Microsoft and a collaboration with Accenture, as part of its technology and ecosystem strategy to build new solutions to help clients grow their businesses.
“Clients need access to cloud-based data-driven decision-making tools that improve agility and adaptability in the fast-evolving capital markets landscape,” said Julie Gerdeman, Head of Data and Analytics, BNY Mellon. “We are delighted that Lunate is using our trusted platform to help drive market impact and business growth for the company.”
