BNY Mellon’s Pershing Reimagines Its Integration Portal

Makes it easier and faster to access the full suite of solutions on the Pershing platform to help accelerate clients’ digital transformation

BNY Mellon’s Pershing (“Pershing”) announced that it has launched its next generation integration portal, NetXServices. The new portal makes it easier and faster for clients to access the full spectrum of technology capabilities on the Pershing platform, empowering firms—from fintechs to large enterprises—to rapidly deploy next generation applications for their clients.

“We are building the industry’s most digital-forward platform,” said Ram Nagappan, Chief Information Officer, BNY Mellon’s Pershing. “Firms know that when they choose us as their partner, they get access to unparalleled scale and breadth of solutions via a simple and easy-to-integrate solution. Our new portal is scaled to become an innovators’ dream for building one-of-a-kind experiences—whether that’s digital-first, hybrid, or advisor-led.”

The NetXServices portal, part of the BNY Mellon Marketplace, provides clients and third-party providers with greater levels of transparency and ease when it comes to consuming and integrating with the solutions available on the Pershing platform.

HR Technology News: KnowBe4 Launches New Compliance Plus Training Module

The portal offers a convenient way to tap into Pershing’s full suite of capabilities, including one of the fastest account opening capabilities in the market (on more than 100 available registration types), real-time trading and order management, real-time portfolio holdings and balances, and execution across a variety of asset classes.

“Pershing’s flexible, open-architecture platform is the backbone of our user interface,” said Kyle Ryan, Executive Vice President of Advisory Services at Personal Capital. “From digital account opening to asset movements, Pershing’s technology capabilities are critical to helping us deliver our unique client experience, which has become a gold standard for many in the industry.”

Pershing integrates with over 200 third-party providers, using a variety of channels including Application Programming Interfaces (API), Single Sign-On (SSO), Financial Information Exchange (FIX), and Society for Worldwide Interbank Financial Communication (SWIFT) connections. Through its Integration Advisory Council, Pershing collaborates closely with 15 strategic third-party providers, who represent some of the most important parts of the advisor value chain, to identify new integration opportunities and enhance the experience on its platform.

HR Technology News: Workforce Logiq’s Total Talent Intelligence Platform Now Available In The UK

“Demand for integrations with our platform has increased three-fold over the past year,” said Kit Lee, Director of Technology and Head of Integration at BNY Mellon’s Pershing. “The NetXServices portal is part of our multi-year investment in integration and will become a critical hub for firms looking for easy access to our capabilities and data.”

Pershing’s NetXServices portal provides information on the use case for integrations available on the platform so clients can easily identify their preferred solutions based on their unique needs. It also features in-depth guidelines to alleviate the need for technical support and significantly streamline product development all the way from business concept to development and full implementation.

Firms using Pershing’s NetXServices are also be able to scale their digital experiences by tapping into the full breadth of services and data offered via the BNY Mellon Marketplace, which includes the recently launched real-time electronic payment solution, as well as BNY Mellon ESG Data Analytics, Cash Management, and Card and Account Management solutions, among many others.

HR Technology News: UST Extends A Helping Hand Amidst The COVID-19 Pandemic In India