Investment technology provider Backstop Solutions Group has entered into a partnership with BNY Mellon.
The collaboration will add Backstop’s Multi-Asset Class Research Management System (RMS) to BNY Mellon platform.
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The RMS helps investment professionals to research any asset class by combining qualitative, quantitative and subjective data tracking capabilities in one platform.
Backstop Solutions Group chairman and CEO Clint Coghill said: “Backstop’s solutions are designed to help asset owner CIOs and their investment teams focus more of their time and attention on what really matters: making investment decisions.
“With Backstop’s RMS, investment teams covering distinct asset classes can configure the system to accommodate the processes, information requirements, reporting, and vernacular unique to each type of asset class, eliminating technology silos and unwanted noise.”
BNY Mellon Asset Owners global head Rohan Singh said: “We’re excited to collaborate with a market innovator that has helped institutional clients simplify the research due diligence process associated with managing alternative investments and complex multi-asset class mandates.
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By GlobalData“Backstop’s RMS solution will further the array of solutions our clients will be able to leverage through BNY Mellon’s platform.”
BNY Mellon is an investment banking company with $45.3trn in assets under custody and/or administration.
In the third quarter of 2021, BNY Mellon’s wealth management business reported a 10% increase in revenues.
