BNY Mellon completes eBAM pilot	Back to headlines
Pilot demonstrates qualities of SWIFT’s first non-financial standard

Left to right: Bryan Kirkpatrick, Vice President, Bank of New York Mellon. Felina Solomon, Global Account Manager, SWIFT. Alhonse Briand, Managing Director, Bank of New York Mellon Luc Meurant, Head of banking, SWIFT. Eileen Dignen, Managing Director Banking, SWIFT

BNY Mellon, a global provider of asset management and securities servicing, has successfully completed a pilot programme for SWIFT’s electronic bank account mandate (eBAM). The pilot, carried out by BNY Mellon Treasury Services and software provider Pegasystems in collaboration with United Technologies Corporation (UTC), showcases the ability of SWIFT’s eBAM solution to provide SWIFTNet users with a broad range automated bank account management services, including account opening, closing and maintenance.

eBam, the first non-financial standard developed by both banks and non-bank SWIFT network users, is a straight-throughprocessing resource based on XML, ISOcompliant messaging that allows users to open, close and maintain accounts more efficiently and at lower levels of risk. BNY Mellon was one of three banks selected by SWIFT to carry out an eBAM pilot, and the only one to conduct the pilot using SWIFT Alliance Lite, SWIFT’s web-based tool that allows users to access the SWIFT network without installing SWIFT-specific software.

“SWIFT’s eBAM initiative represents a uniquely collaborative response from the SWIFT community to a growing customer requirement.”

The success of the BNY Mellon-Pega- UTC collaboration demonstrates the full extent of the advances in banking services delivery available through the SWIFT initiative. It allows SWIFT users to centralise the exchange of information across their various banking relationships. Because it relies so extensively on standardisation and automation, eBAM also can potentially provide users with the benefits of straightthrough processing, such as increased cash visibility, risk diversification, improved audit processes, operational efficiencies and access to credit and cost savings.

“SWIFT’s eBAM initiative represents a uniquely collaborative response from the SWIFT community to a growing customer requirement, and we’re proud to have played an important role with Pega and UTC in moving this important development forward,” said Al Briand, Managing Director and Head of Global Product Management for BNY Mellon Treasury Services.

“We believe that standardised process automation will be the catalyst for transforming the way SWIFT users manage their bank accounts,” commented Richard Delvaux, Corporate Marketing Specialist for SWIFT. “Successful pilot programmes like The Bank of New Mellon-Pega-UTC collaboration clearly demonstrate SWIFT’s ability to not just accommodate process automation, but to facilitate it in a userfriendly environment.”

“Standardising and centralising the on-boarding process is key to successful process automation,” commented Adi Reske, Senior Product Marketing Manager at Pegasystems. “By facilitating eBAM’s ‘intent-led’ approach, we’re making it much easier for bank relationship managers to interact with their customers in an eBAM environment.”



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