MUFG Bank White Labels BNY Portal
A press release titled, "MUFG Bank, Ltd. Launches MUFG CashFolio Leveraging BNY's LiquidityDirect Capabilities" states, "MUFG Bank, Ltd. announced ... the launch of MUFG CashFolio, its new liquidity trading portal leveraging LiquidityDirect from The Bank of New York Mellon Corporation ('BNY'), a global financial services company. Developed as an extension of MUFG's liquidity services, MUFG CashFolio is a powerful online tool that gives institutional clients greater access to shorter term investments through the vast money market mutual fund (MMF) industry, which hit a record of $6.51 trillion in assets this July. MUFG CashFolio is an all-inclusive investment portal that helps clients improve cash management and diversify risk exposure through an integrated platform. The portal offers MMF trade execution, settlement into an MUFG account, a full fund library, in-depth fund research capabilities, compliance tools, and sweep function." Ray Fattell, Head of Transaction Banking for MUFG Americas, comments, "Part of our mission is to enhance the range of products and services we offer our clients across the entire working capital cycle. Launching MUFG CashFolio with BNY gives clients more options to manage their excess cash through an all-inclusive investment portal with enhanced digital capabilities." The release continues, "MUFG CashFolio also includes social responsibility investing to help clients align with their ESG values. Its ESG Data Analytics module compliments MUFG's dedication to advancing sustainable principles and solutions with focused investing. MUFG CashFolio leverages BNY's market-leading short-end investments platform, LiquidityDirect, which offers clients a variety of innovative solutions to meet their investment and risk criteria and execute their liquidity strategy. The platform's technology and services provide a seamless user experience through single sign-on for their clients. It supports over $16 trillion in annual transaction flow for more than 7,000 of the world's largest institutional investors." George Maganas, Head of Liquidity Services at BNY, adds, "We are pleased to expand our relationship with MUFG through the use of our game changing LiquidityDirect White Labeling capabilities to launch MUFG CashFolio, providing institutional clients with greater access to shorter term investments, an enhanced user experience, and the combined benefits of both firms in the solution."
