BNY Mellon has collaborated with treasury management services provider GTreasury to help clients better manage and invest their cash. The integration of GTreasury’s treasury and risk management platform with BNY Mellon’s LiquidityDirect platform seeks to enable clients to clearly identify where balances are located across bank accounts, regions and time zones and deploy the assets more efficiently, the investment banking group said in a statement.
Clients will be able to sweep cash into funds available on LiquidityDirect without leaving the GTreasury environment. Also, treasurers already familiar with the GTreasury ecosystem will not be required to make any changes to their existing infrastructure to take advantage of the new functionality, and the new investment capabilities will be provided to eligible clients at no additional cost, according to BNY Mellon.
Since its founding in 1986, GTreasury has pioneered the concept of the treasury workstation and has been instrumental in driving the industry migration of corporate treasury management from a predominantly spreadsheet-based workflow to a straight-through processing-based model.
BNY Mellon says its LiquidityDirect platform now supports more than US$6.5 trillion in annual transaction flow for more than 850 of the world's largest corporate and institutional investors.