SS&C Disputes Data Misuse Damages and Asks $889 Million From BNY Mellon
BKThe Bank of New York Mellon(BK) PYMNTS·2024-02-06 03:26

Canadian FinTech SS&C is reportedly accusing banking giant BNY Mellon of data misuse. The long-standing legal dispute is returning to court, Bloomberg News reported Monday (Feb 5), with SS&C — which provides operations services for investment managers — saying it is owed nearly $890 million by the banking giant. According to the report, the case began when SS&C uncovered information that led it to believe BNY had taken financial markets data and shared it with dozens of other entities, without permission an ...