The financial sector in the Middle East is experiencing a surge in technological advancements, and BNY Mellon is a key player in this exciting transformation. The global leader in financial services recently announced the UAE’s first deployment of its innovative cloud-native data platform. This deployment marks a successful collaboration with Lunate Capital, a prominent alternative investment manager headquartered in Abu Dhabi.
Lunate Capital, with its ambitious vision of becoming a world leader in private market solutions, sought a “transformative data operating model,” as stated by Seif Fikry, the company’s managing partner. His enthusiasm about the partnership was evident: “Lunate is delighted to be working with BNY Mellon to provide cloud data management solutions. We believe BNY Mellon will help give us, and therefore our clients, an edge.”
This partnership holds significant promise for both companies. BNY Mellon’s data platform boasts the remarkable ability to integrate existing data sources with external datasets. This empowers clients like Lunate Capital to leverage data-driven insights and gain a substantial competitive advantage, perfectly aligning with Lunate Capital’s pursuit of “best-in-class risk-adjusted returns” for their clients.
📣 ANNOUNCEMENT📣 #BNYMellon deploys #cloud native data operating platform for the first time in the #UAE for #LunateCapital, helping clients gain a competitive advantage through agility and adaptability within the capital markets landscape.
— BNY Mellon (@BNYMellon) May 2, 2024
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BNY Mellon’s unwavering commitment to Innovation
BNY Mellon’s venture into the UAE with its cloud-native platform signifies a broader dedication to supporting the financial markets of the Gulf Cooperation Council (GCC). This deployment is just one facet of a larger strategy. BNY Mellon recently announced a strategic alliance with Microsoft and a collaboration with Accenture. These partnerships highlight BNY Mellon’s unwavering commitment to building a robust technological ecosystem that fosters the development of groundbreaking solutions for its clients.
Julie Gerdeman, Head of Data and Analytics at BNY Mellon, echoed this sentiment, stating, “Clients need access to cloud-based data-driven decision-making tools that improve agility and adaptability in the fast-evolving capital markets landscape.” The collaboration with Lunate Capital exemplifies BNY Mellon’s commitment to empowering its clients with the tools they need to flourish in today’s dynamic financial environment.
