Jump to content

NEXEN (platform)

Add links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Monkbot (talk | contribs) at 15:10, 19 March 2020 (→APIs: Task 14: cs1 template fixes: misused |publisher= (0×/1×); skipped: conflicting periodical (1×);). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

NEXEN
Developer(s)BNY Mellon
Initial release22 June 2015; 9 years ago (2015-06-22)
TypeFinancial services
LicenseProprietary commercial software
Websitenexen.bnymellon.com

NEXEN is a financial services platform developed by BNY Mellon. It features a web application, APIs, and data analytics tools to allow financial services clients to access the BNY Mellon's services, such as asset custody, broker-dealer services, and alternative investment services. NEXEN was launched in 2015, and is part of BNY Mellon's digital transformation efforts that began in 2012.[1]

Features

Gateway and App Store

NEXEN includes Gateway, a web application for users to access BNY Mellon services via browser on desktop, tablet, and mobile device.[2][3] Gateway is built using open-source technology, such as AngularJS. It provides users access to BNY Mellon services across multiple financial services segments in a single interface. As of June 2016, there are 10,000 entitled users to Gateway.[4]

BNY Mellon plans to include third parties on the NEXEN platform via an app store.[5][6] An example is a third-party app that performs sentiment analysis on asset managers' portfolio holdings.

APIs

NEXEN is built using API technology.[3] APIs are used to provide data and functionality to the user interface. Clients can also access more than 100 APIs directly using the NEXEN API Store. [4][5] The NEXEN platform uses open-source technology to run the APIs, such as WSO2.[7][8]

Data analytics

NEXEN includes data analytics tools through a feature called Digital Pulse.[5] This feature includes capturing more than one billion data events per month and using visual tools to display and analyze the data.[5] Activities, processes and transactions are all tracked via the same analytics feature, resulting in nearly 200 dashboards.[4][9]

References

  1. ^ Ross, Jeanne; Sebastian, Ina; Beath, Cynthia (3 April 2017). "BNY Mellon: Redesigning IT for Digital Transformation" (CISR Working Paper No. 416). MIT Sloan Center for Information Systems Research: 2. Retrieved 14 May 2017. {{cite journal}}: Cite journal requires |journal= (help)
  2. ^ Boulton, Clint (2 April 2017). "BNY Mellon Channels Silicon Valley Development Practices". The Wall Street Journal. Retrieved 26 March 2017.
  3. ^ a b Fogarty, Susan (21 October 2016). "Banking On Open Platforms And APIs". NetworkComputing. UBM. Retrieved 26 March 2017.
  4. ^ a b c Bedell, Denise (10 June 2016). "Innovators Q+A BNYMellon On Its Open-Source Platform". Global Finance Magazine. Retrieved 13 May 2017.
  5. ^ a b c d Baliva, Zach (15 June 2016). "Jennifer Cole is Helping Finance Giant BNY Mellon Become a Tech Giant Too". Sync. Guerrero Howe. Retrieved 13 May 2017.
  6. ^ Norton, Steve (7 April 2016). "BNY Mellon Plans to Offer Asset Managers New Sentiment Analysis Tool". The Wall Street Journal. Retrieved 13 May 2017.
  7. ^ Babcock, Charles (26 October 2015). "BNY Mellon Transforms IT One Step At A Time". InformationWeek. Retrieved 13 May 2017.
  8. ^ Eder, Daniela (5 May 2017). "How PSD2 is changing the face of payments". bobsguide. Contentive Group Ltd. Retrieved 14 May 2017.
  9. ^ Macknight, Joy (4 January 2016). "BNY Mellon masters the art of digital". The Banker. Financial Times. Retrieved 13 May 2017.
Retrieved from "https://en.wikipedia.org/w/index.php?title=NEXEN_(platform)&oldid=946337037"