BNY Mellon & Google Cloud partner to improve U.S. Treasurys efficiency

BNY Mellon has partnered with Google Cloud to help U.S. Treasury market participants predict settlement failures, generate significant capital and liquidity savings, and unlock operational efficiencies. The initiative will leverage Google Cloud’s data analytics, artificial intelligence and machine learning technologies to develop new collateral management and liquidity solutions built on Google Cloud. BNY Mellon is using Google Cloud for its scalable data analytical capabilities and to train models on millions of trades to consider every value and factor that could result in a failure. This will help reduce client risk and create a more efficient financial market with fewer failure points and greater liquidity. BNY Mellon is also leveraging Google Cloud to support more development environments, making code delivery quicker while reducing infrastructure costs.