The Bank of New York Mellon Corporation has announced the integration of its LendingLite℠ service with its new CollateralOne for buy-side platform. This new platform expands BNY Mellon's triparty offering for buy-side clients, providing a seamless connection to other aspects of its ecosystem.
CollateralOne for buy-side is designed to help clients efficiently centralize their collateral and financing activities, while also offering the option of opportunistic specials-only lending. This integrated platform is underpinned by BNY Mellon's optimization capabilities, providing a holistic view of client assets, liabilities, and opportunities.
Adam Vos, Global Head of Markets at BNY Mellon, stated that clients are seeking comprehensive solutions that simplify securities lending, financing, and collateral management in today's complex investment landscape. This integration allows buy-side clients to leverage the benefits of engaging in securities lending within a single ecosystem, building on BNY Mellon's leadership in triparty collateral management.
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