A press release entitled, "BNY Mellon and Hazeltree Join Forces to Simplify Buy-​side Cash Management," tells us, "BNY Mellon and Hazeltree, a leading provider of treasury solutions, have joined forces to deliver an independent platform that streamlines cash management for buy-​side and corporate firms. The initiative delivers BNY Mellon'​s full suite of cash, treasury and custody services through Hazeltree'​s advanced treasury management technology. The strategic relationship not only provides BNY Mellon clients with full transparency across their portfolio, regardless of where their money is held, but optimizes cash investment, streamlines FX hedging, and drives increased efficiency. By linking participants with BNY Mellon'​s award-​winning Liquidity DIRECT solution, clients can also take advantage of an array of investment vehicles." Jonathan Spirgel, Head of Global Liquidity Services, BNY Mellon Markets, comments, "​At a time of increasingly complex global markets, this integrated platform can make the treasury function a lot more efficient. It enhances performance, while ensuring that participants maintain the level of security and liquidity of their assets they rightly expect from BNY Mellon." Sameer Shalaby, President and CEO of Hazeltree, adds, "​Many firms are missing opportunities to optimize their cash usage due to manual and incomplete processes. Our new platform increases transparency into their holdings, minimizes frictional costs and reduces operational risk." The release adds, "The initiative is being rolled out in phases to select BNY Mellon clients, that will be provided access to both the Hazeltree technology platform and the existing BNY Mellon infrastructure, including efficient payment processing via SWIFT."

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