To improve the performance of our website, show the most relevant news products and targeted advertising, we collect technical impersonal information about you, including through the tools of our partners. You can find a detailed description of how we use your data in our Privacy Policy. For a detailed description of the technologies, please see the Cookie and Automatic Logging Policy.
By clicking on the Accept & Close button, you provide your explicit consent to the processing of your data to achieve the above goal.
You can withdraw your consent using the method specified in the Privacy Policy.
Accept & Close
Sputnik International
BNY Mellon, Google Cloud technology to predict Treasury settlement failures oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
FILE PHOTO: The Bank of New York Mellon Corp. building at 1 Wall St. is seen in New York s financial district March 11, 2015. REUTERS/Brendan McDermid
(Reuters) - The Bank of New York Mellon Corp said on Thursday it has partnered with Google Cloud on technology that uses artificial intelligence and machine learning to predict when BNY Mellon’s clients’ U.S. Treasury transactions will fail to settle.
Settlement failures occur when two parties buying and selling bonds fail to exchange the cash and securities on time. A large increase in failures can signal market liquidity problems.