Embracing Innovation and Technology
Off Screen Text
October 2024
The custody industry is poised for significant transformation in the coming years, as we continue to integrate innovation. I recently had the opportunity to share insights with Global Finance on these developments, highlighting the role of technology, collaboration and strategic relationships.
Innovation in the financial services space is largely driven by rapid technological advancements, enhanced data analytics and the rise of automation and artificial intelligence. Clients’ expectations are also rising; institutional investors want a modern data experience, intuitive technology and advanced connectivity. At CIBC Mellon, we are actively investing in these cutting-edge technologies and collaborating with our clients, fintech leaders and technology companies to future-proof our business and streamline our operations.
We are committed to staying at the forefront of these changes, ensuring that we continue to provide our clients with cutting-edge solutions and services.
For more information on our commitment to innovation and changes, read the full Q&A.
This article is provided for general information purposes only and CIBC Mellon and its affiliates make no representations or warranties as to its accuracy or completeness, nor do any of them take any responsibility for third parties to which reference may be made. This article should not be regarded as legal, accounting, investment, financial or other professional advice nor is it intended for such use.
About CIBC Mellon
CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon's investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, pension services, exchange-traded fund services, securities lending services, foreign exchange processing and settlement, and treasury services.
As at September 30, 2024, CIBC Mellon had more than C$2.9 trillion of assets under administration on behalf of banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY network, which as at September 30, 2024 had US$52.1 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY trade-marks, and is the corporate brand of CIBC Mellon Trust Company.
For more information – including CIBC Mellon's latest knowledge leadership on issues relevant to institutional investors active in Canada – visit www.cibcmellon.com