BNY Mellon Asset Servicing has launched the News and Exception Workflow System (NEWS), which provides consolidated information on mutual fund companies for broker-dealers.
Besides information on mergers, liquidations, bad prices, new funds and conversions, NEWS alsoprovides a snapshot view of daily trading information that requires action by broker-dealers.
“As a trusted service provider, our clients have come to expect value-added products from us that provide insight and information into their business and the overall industry,” said Michael DeNofrio, executive vice president and head of U.S. investment services in BNY Mellon’s global financial institutions group. “Whether it is business intelligence or enhanced reporting, the timely delivery of information is critical. By added NEWS to AdvisorCentral, we can streamline the workflow process for clients by providing a consolidated view of available industry capabilities, along with valuable associated information.”