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BNY Mellon opens eighth global innovation centre in Singapore

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BNY Mellon’s newest global innovation centre will open in Singapore on 17 November 2016.

As the eighth innovation centre within a global network, the Singapore centre is designed to facilitate collaboration with fintechs and clients in Asia for the creation of data-driven market solutions that will operate within BNY Mellon’s digital ecosystem, NEXEN.
 
Launching in conjunction with the Singapore FinTech Festival, the centre will bring together thinkers and emerging talent from across the industry to create, disrupt and accelerate market solutions, while tackling the demands and challenges of an increasingly complex market.
 
The Singapore Innovation Centre joins an established network of seven locations globally, including Pune, the first centre established in 2014, Silicon Valley, Jersey City, Chennai, London, Pittsburgh, and Central New York.
 
“The opening of our eighth innovation centre in Asia is a reflection of the region’s rapidly developing innovative technology and fintech landscape, as well as the increasing importance of Asia to BNY Mellon’s business. As our largest branch office in Asia Pacific, the Singapore Innovation Centre reinforces BNY Mellon’s commitment to the region’s advancement in transformational technology in financial services and compliments the Monetary Authority of Singapore’s continuing ambition to establish a vibrant innovation ecosystem and to develop the city as a Smart Financial Centre,” says Stephen Lackey, chairman of Asia Pacific for BNY Mellon.
 
Suresh Kumar (pictured), senior executive vice president and chief information officer, BNY Mellon adds: “Technology is one of the key accelerators of change in our business and we pride ourselves on being at the forefront. BNY Mellon has a rich history in innovation marked by delivering technology-enabled solutions that power the world’s investments. Our approach covers all critical phases of enterprise innovation and we continue to work side-by-side with clients and fintech firms to create valuable digital offerings.” 
 
“The BNY Mellon innovation centre in Singapore is designed to take clients through a digital journey by leveraging NEXEN technologies to showcase the power of Application Program Interfaces (APIs). With unallocated seating and no audio or visual barriers on the engineering floor, the open plan space offers a collaborative environment that encourages innovation. We are excited about opening this unique offering in Singapore; a place with strong talent pools and a well-placed financial technology landscape,” says Hans Brown, Asia Pacific head of client technology solutions at BNY Mellon.

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