BNY uses proprietary data store to connect disparate applications
Internally built ODS is the “bedrock” upon which BNY plans to become more than just a custodian bank.
Financial institutions sometimes talk a big game when it comes to updating or getting rid of legacy applications. But the reality is that it’s an ongoing journey, and the goal is getting applications to talk to each other easily, regardless of whether they’re old or new.
This idea served as the inspiration for BNY’s operational data store (ODS), which connects to multiple internal data sources and pulls that information into a central location for employees to draw from. While the offering was
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