BNY Mellon has signed an agreement with Delta Data Software to support its fee management service for asset managers.
Under the agreement, BNY Mellon Asset Servicing will deploy Delta Data’s Fee Manager, a software-as- a-service (SaaS) solution for distribution expense and invoice management, for its full-service solution.
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Additionally, the deal will allow asset managers to understand the services they receive for the fees paid to distribution partners.
Whitfield Athey COO Delta Data said: "This provides a great opportunity for clients who wish to have services wrapped around Fee Manager supporting the management of their distribution expenses."
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By GlobalData
