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BNY Mellon’s Joseph Sieczkowski: cloud removes opportunity cost

July 6, 2022

Via: CIO

Founded in 1784 by Alexander Hamilton, BNY Mellon is one of the oldest banks in the U.S. and is the world’s largest custodian bank and securities services company, with $2.4 trillion in assets under management, another $46 trillion in assets under custody, and more than $307 billion in private wealth.

It is also evolving to become a digital bank, with cloud a key element of this transformation.

Laying the foundation for its cloud strategy, BNY Mellon undertook a multi-year application modernization effort. “In that course of that journey, we virtualized and containerized approximately 95% of our distributed applications in our internal ecosystem.

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