BNY Mellon, Conduent Join Forces for E2E Pension Risk Management Services

  • Date published Tuesday, 10 December 2024 05:57
  • Author name
  • 1.4 min read
BNY Mellon, Conduent Join Forces for E2E Pension Risk Management Services Image Credit: Fahroni/Bigstockphoto.com

The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK), a global financial services company, and Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, have today announced a strategic alliance to connect insurers and pension acquirers with end-to-end pension risk transfer services in one place.

The new strategic alliance combines BNY’s leading global payments and cash management capabilities with Conduent’s expertise in maintaining the records for pension accounts, managing transaction data and ability to provide customer service for pension members. The collaboration provides insurers and pension acquirers access to an end-to-end pension risk transfer solution that operates in a single, comprehensive system.

“In an increasingly complex pension transfer risk market, we see that clients are on the constant lookout for solutions that can simplify and de-risk these programs,” said Carl Slabicki, Executive Platform Owner, Treasury Services at BNY . “By drawing on BNY’s platform infrastructure for payments and cash management services, and Conduent’s integrated administration expertise, we are able to deliver a unified, end-to-end package that supports clients through every stage of the pension risk transfer lifecycle.”

“Companies with defined benefit programs face high maintenance costs, risk and challenges in managing those plans,” said John Larson, Vice President of Total Benefits at Conduent . “The collaboration with BNY offers both the insurance market and defined benefit plan sponsors a seamless solution underpinned by Conduent’s more than 40 years of experience in providing administration services for complex defined benefit programs. Companies and their insurers or pension acquirers can reduce liabilities, risks and administration costs while Conduent and BNY provide stellar support to plan participants.”

 

Last modified on Thursday, 15 May 2025 08:29
Author

Advisor and editorial strategist

 

In her capacity as a advisor and editorial strategist, Tara helps the board of New Network Times across the full spectrum of media production—from editorial content to high-impact webinars, podcasts, and videocasts. With over 25 years of experience in IT and strategy, she also brings unparalleled insight into cutting-edge topics including cloud-native architectures, virtualization, edge computing, and hyperscale data centers. A frequent host and presenter, Tara combines strategic editorial vision with deep technical expertise to drive visibility and engagement with the tech audience. A graduate of LSE, UK, Tara is currently a full-time executive editor at a leading telecom media outlet.

PREVIOUS POST

Citi and Google Cloud Partner to Accelerate Digital Transformation with AI and Cloud Technology

NEXT POST

Wasabi Expands Data Management Offerings with IBM Cloud’s London Data Center