bondIT Receives a Strategic Investment from BNY Mellon to Drive Digitization of Fixed Income Investing
Summary
As bond investors are keen to lock in higher yields, our versatile technology and data-driven approach can help them increase automation to improve efficiency and performance, and better mitigate risk.Shahar Balaban, CFO at bondIT, added, Our engagement with BNY Mellon started when we participated in the BNY Mellon Accelerator Program for startups in 2021, and we are thrilled to be able to continue to scale our collaboration and take bondITs technology platform to the next level.bondIT combines advanced technologies, machine learning and Explainable-AI in a unique platform that automates and optimizes fixed income portfolio construction, management, and research. With bondIT, investment professionals can build portfolios that seek to optimally balance risk and return opportunities in this volatile market environment.In addition to BNY Mellon, bondIT is backed by a number of high-profile investors and partners across the globe, including Fosun, SixThirty, Talanx AG and Win.d.bondIT provides next generation front office investment technology. Our technology enables clients to efficiently build, analyze and rebalance investment portfolios, and achieve within minutes what previously took hours or days. The platform is highly flexible, being data agnostic and API or cloud based, and allows for the seamless onboarding of internal models as well as downstream connectivity to existing portfolio management and trading systems. bondIT is privately owned and paving the way for financial institutions of all sizes to integrate the power of greater technology in their investment processes.