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. We essentially built an orchestration layer and viewed public cloud as just another landing zone outside our data centers,” says Joe Sieczkowski, CIO of architecture and engineering at BNY Mellon.
