The Center for Research toward Advancing Financial Technologies (CRAFT) at Stevens Institute of Technology in Hoboken on Tuesday announced that the Bank of New York Mellon Corp (BNY) has joined as the latest associate member, deepening its partnership with the fintech-focused research center.
This membership addition is part of CRAFT’s continued growth over 2024, with several top financial institutions signing on to collaborate with the industry-university cooperative.
In addition to BNY, CRAFT’s membership now includes Bank of America, Charles Schwab, Goldman Sachs, IBM, Park Avenue Finance, SWIFT, CME, Vanguard Group and Wells Fargo, among others.
“CRAFT’s expanding membership is a testament to the value our center provides in driving fintech innovation and addressing real-world challenges in the financial sector,” George Calhoun, director, The Hanlon Financial Systems Center, Executive in Residence & Program Director, Quantitative Finance, said.
“We’re thrilled to welcome Bank of New York and our other new members as we continue growing this unique collaborative platform,” Steve Yang, CRAFT director said.
“Joining CRAFT allows BNY to deepen our relationship with academic institutions, like Stevens, who are leading research in the area of financial technology,” John Bagni, chair of BNY’s New Product Committee, said. “We look forward to actively participating in CRAFT’s research initiatives and unlocking opportunities to be more for clients and lead the industry in innovation.”
Additionally, two more organizations recently solidified their memberships with CRAFT: United Nations Association of El Salvador (UNASV) and The Organization for Poverty Alleviation and Development (OPAD) at the United Nations.
