FinTech: BNY Mellon, Lunate Invest In Wealth Management Platform Alpheya
Lunate and BNY Mellon (NYSE: BK) are jointly investing in a new financial technology company, Alpheya, based in Abu Dhabi. Alpheya aims to develop a tailored wealth management technology platform for the Middle East and North Africa (MENA) region. With a capital commitment of $300 million, the platform is set to launch in 2024, addressing the increasing demand from wealth and asset managers for a comprehensive digital solution.