At the Reuters NEXT conference held on December 11, Robin Vince, CEO of BNY Mellon, stated that the U.S. economy is expected to grow under the leadership of newly elected President Donald Trump. Vince emphasized that economic growth is crucial for the United States, and President Trump has clearly expressed his belief in the potential of the economy.
Vince highlighted that as a financial institution with a 240-year history, BNY Mellon is committed to providing clients with a diverse range of financial services, including custody, asset management, market trading, and wealth management. In recent years, Vince has driven a transformation in the company's leadership, focusing on the development of areas such as real-time payments and artificial intelligence to enhance overall efficiency. This year, the company's stock has performed exceptionally well, rising over 50%.
When discussing future developments, Vince revealed that BNY Mellon will continue to increase its investment in artificial intelligence. He stated that AI can create more value and solutions for employees and clients, which are nearly impossible to achieve through traditional means. He mentioned that the company has already deployed several tools aimed at enhancing client insights and data analytics capabilities.
Additionally, BNY Mellon is actively expanding its digital asset services. Vince noted that the bank launched a crypto asset custody platform in 2022 and plans to provide comprehensive services for the tokenization of digital assets. He explained that tokenization involves converting ownership of traditional assets into digital tokens on the blockchain, which can enhance transaction transparency, security, and tradability. Vince added that the bank is currently participating in pilot projects across multiple issuance platforms to explore more possibilities.
In the context of dual drives from the economy and technology, BNY Mellon’s strategic layout will bring broader opportunities and services to clients, signaling further development in the fintech sector in the future.
Key Points:
🌟 BNY Mellon CEO predicts U.S. economic growth during President Trump's term, emphasizing the importance of economic development.
🤖 The bank will continue to invest in artificial intelligence to enhance service efficiency for employees and clients, driving business innovation.
💰 BNY Mellon is actively expanding its digital asset services, having launched a crypto asset custody platform and participating in tokenization projects.
