BNY Mellon (BK) Expands AI and Digital Asset Services to Boost Growth

Dec 12, 2024

BNY Mellon (BK, Financial) CEO Robin Vince predicts economic growth under Trump's new presidency, with the bank investing in AI and digital asset services to enhance client solutions. Founded by Alexander Hamilton, BNY Mellon is the oldest U.S. bank, offering securities services, global payments, asset management, and more. Vince, a former Goldman Sachs partner, joined in 2020 and became CEO in 2022, focusing on real-time payments and AI to improve efficiency. The company's stock has surged over 50% this year. BNY Mellon also launched a crypto custody platform in 2022 and is enhancing its digital asset services, exploring tokenization to offer comprehensive services.

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