BNY Mellon’s technology arm Pershing X’s clients are looking to the tech provider for improved wealth management capabilities.  

Clients want to upgrade their internal wealth management technology but maintaining the users’ brand is a big part of the conversation, Noam Tasch, head of revenue at BNY Pershing X, told Bank Automation News. “When you have a lot of different pieces of technology, you end up having a lot of different brands, and it feels different and looks different and it’s not a seamless experience.”

To expand on Pershing X’s Wove, a wealth management platform that offers end-to-end solutions for business advisers, BNY Mellon launched Wove Connect earlier this month to improve access to data and APIs through the Wove platform, Tasch told BAN. Wove Connect is “essentially a modernization of our API marketplace.” 

The data marketplace is an open framework that brings together consolidated client account data from tech provider NetX360 with Wove interfaces and third-party providers, Tasch said.  

Through the platform, Pershing X clients can access data, create applications and drive business insights, according to the Pershing website. 

This month, Pershing X also rolled out Wove Investor, its investor tool to view account information, and Wove Data, a cloud-data platform designed for C-suite professionals, according to a BNY Mellon release. 

Early-bird registration is now available for the inaugural Bank Automation Summit Europe 2024 in Frankfurt, Germany on Oct. 7-8! Discover the latest advancements in AI and automation in banking. Register now.