BNY Mellon | Pershing Integrates Real-Time Payments To Its NetXInvestor® Platform

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BNY Mellon | Pershing announced today that it is integrating Real-Time Payments (RTP) technology into its NetXInvestor® platform, an investor portal used by broker-dealer and registered investment advisor firms to help clients manage their portfolios.

RTP is a new form of electronic money transfer that enables real-time deposits and withdrawals, giving broker-dealers and investors instant, 24/7/365, on-demand access to irrevocable and secure funds (subject to funds availability).

“Automation and efficiency are high priorities for investment professionals and consumers, so we are continually innovating and adding to our suite of digital payables and receivables functions for NetXInvestor®, like this BNY Mellon-developed RTP technology,” says Ram Nagappan, CIO of BNY Mellon | Pershing.

Also Read: How Distributed Ledger Technology Can Enhance Financial Services

BNY Mellon has been at the forefront of innovating in the digital payments space, including launching the first-of-its-kind real-time electronic billing and payment solution. The pioneering capability enables U.S. businesses to present digital bills to consumer clients in real-time and receive instant payment via their preferred online and mobile banking channels.

“We’ve seen incredible progress in client satisfaction since the launch of Real-Time Payments, plus it helps protect the environment by reducing the negative impacts of paper-based processes,” says Carl Slabicki, Co-Head of Global Payments, Treasury Services, BNY Mellon. “This new application allows BNY Mellon to bring easy and accelerated money transfers to more of our clients and their investors.”

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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