BoNY Provides Data Solution to Plan Sponsor Clients

July 9, 2004 ( - The Bank of New York (BoNY) has made a strategic investment in Netik to provide integrated data solutions to financial institutions.

The Netik solution provides data management and reporting capabilities that leverage its data warehouse for portfolio and investment information, reference data and analytics. It also provides a clear data boundary between institutions’ internal systems infrastructure and the services provided by the bank.   BoNY, which uses the Netik InterView Investment Hub product as part of its BNY SmartSource outsourcing solution, will now also make the product available to its financial institution client base, according to a news release.

Bank of New York clients, including investment managers, hedge funds, banks, broker/dealers, insurance companies and plan sponsors, can subscribe to the Netik platform on a stand-alone basis or bundled with other services such as fund accounting, custody or BNY SmartSource.