Samsung Securities Expands Digital Asset, AI Cooperation With BNY
Summary
- Samsung Securities said it will expand cooperation with U.S. financial group BNY in new business areas including digital assets and artificial intelligence (AI).
- The two companies said they plan to upgrade existing infrastructure for stock brokerage and clearing, securities collateral management and securities financing, while exploring cooperation in digital assets and AI.
- Samsung Securities said it plans to use BNY's global financial infrastructure and network to broaden cooperation not only in traditional finance but also in digital finance.
Forecast Trend Report by Period
Samsung Securities is expanding cooperation with U.S. financial group BNY in new business areas including digital assets and artificial intelligence.
Samsung Securities signed a memorandum of understanding with BNY at the company's New York headquarters on September 10 to cooperate on global wealth management and financial solutions, the Seoul Economic Daily reported on September 13.
The two firms plan to upgrade infrastructure for their existing securities businesses, including stock brokerage and clearing, securities collateral management and securities financing. They also plan to explore cooperation in digital assets and AI.
BNY, founded in 1784, provides custody and investment services, asset management and capital-markets solutions. Samsung Securities plans to use BNY's global financial infrastructure and network to broaden cooperation not only in traditional finance but also in digital finance.
Samsung Securities President Park Jong-moon also met with major global financial firms including Morgan Stanley during the U.S. trip to discuss cooperation on overseas investment information and financial services.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.