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BNY Mellon Launches Customized Tax Solutions and Expands Precision Direct Indexing

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Financial advisors, broker-dealers and RIAs can now access customized tax solutions and an expanded range of direct indexing strategies that provide a variety of market exposures

NEW YORK, June 4, 2024 /PRNewswire/ — The Bank of New York Mellon Corporation (“BNY Mellon”) (NYSE: BK), the global financial services company, today announced the launch of customized tax solutions and the expansion of its direct indexing suite, BNY Mellon Precision Direct IndexingSM. This evolution will allow advisors to select a strategy that best aligns with their clients’ investment goals and objectives. Managed by Mellon, a global leader in index management with over 40 years of institutional expertise, tax transition management and tax overlay management will also be offered alongside the expanded direct indexing suite.

With the addition of customized tax solutions, advisors will have the ability to migrate a portfolio from one exposure to another through tax transition management, which considers time horizon, tax budget, desired tracking error and composite assets. Additionally, ongoing tax overlay management can be applied around a customized set of assets, including models and customized portfolios.

In addition to BNY Mellon Precision Direct IndexingSM S&P 500®, advisors will also be able to access another five strategies within the direct indexing suite, which include:

BNY Mellon Precision Direct IndexingSM US Core 500BNY Mellon Precision Direct IndexingSM US Total MarketBNY Mellon Precision Direct IndexingSM US Large Cap GrowthBNY Mellon Precision Direct IndexingSM US Large Cap ValueBNY Mellon Precision Direct IndexingSM International Developed Core

“Our goal is to bring institutional-quality index management to the retail investors in a tax-efficient way. With this expansion of our services, we have strengthened our ability to support financial advisors as they strive to better serve their clients and scale their businesses,” said Stephanie Hill, Head of Index at Mellon. “With over 40 years of index investment expertise and 30 years of tax management experience, we are well-positioned within the industry to help investors generate tax alpha and grow the value of their portfolios.”

BNY Mellon Precision Direct Indexing is available through BNY Mellon PershingX’s[1] Wove platform and BNY Mellon Investment Management. For more information, visit: https://www.pershing.com/us/en/what-we-provide/advisory-solutions/direct-indexing.html

BNY Mellon is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For 240 years we have partnered alongside our clients, putting our expertise and platforms to work to help them achieve their ambitions. Today we help over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. We support governments in funding local projects and work with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of March 31, 2024, we oversee $48.8 trillion in assets under custody and/or administration and $2.0 trillion in assets under management.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). We are headquartered in New York City, employ over 50,000 people globally and have been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on www.bnymellon.com.  Follow us on LinkedIn or visit our Newsroom for the latest company news.

BNY Mellon Investment Management is one of the world’s largest asset managers, managing almost $2 trillion across a range of traditional and alternative assets through seven specialist investment firms – ARX, Dreyfus, Insight, Mellon, Newton, Siguler Guff, and Walter Scott. For more information: www.bnymellonim.com.

Mellon is a global leader in index management with $486.1 billion in assets under management. Our dedication to precision and partnership goes beyond the benchmark. From 1983 to today, partnership with clients and precise execution drives our business. Mellon provides solutions to the world’s most sophisticated investors designed to meet their unique challenges, proving that index investing requires an active mindset.

BNY Mellon Pershing (member FINRA, NYSE, SIPC) is a leading provider of clearing and custody, trading and settlement, advisory and investment solutions, data insights, business consulting and other services to wealth management and institutional firms looking to grow their businesses. For more information, go to: pershing.com

This press release is qualified for issuance in the U.S. only and is for informational purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon to members of the financial press and media and the information contained herein should not be construed as investment advice.

1 Technology services may be provided by Pershing X, Inc., an affiliate of Pershing LLC, member FINRA, NYSE, SIPC. Pershing and Pershing X do not provide investment advice or offer investment advisory products or services.

Contact:
Sue Watt
Sue.Watt@bnymellon.com

View original content:https://www.prnewswire.com/news-releases/bny-mellon-launches-customized-tax-solutions-and-expands-precision-direct-indexing-302163250.html

SOURCE BNY Mellon

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7 Top-Tier Database Conference Papers Power Core Transaction Speedup of 32% TencentDB TDSQL

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SHENZHEN, China, April 24, 2025 /PRNewswire/ — Renmin University and Tencent’s joint innovation lab showcased groundbreaking advancements in financial-grade distributed database systems at their 2025 annual conference. Over two years, seven papers were accepted at top database conferences (VLDB, ICDE, SIGMOD), with core technologies integrated into TencentDB TDSQL, achieving 32% faster transactions in state-owned banks and 40% improved query speeds in government big data applications.

Key Innovations:

1. Transaction Processing Optimization

HDCC Protocol: Combines deterministic (Calvin) and non-deterministic (OCC) concurrency control, resolving cross-mechanism recovery issues. Delivers 5.7x performance gains (VLDB 2025).Lion Protocol: Uses LSTM-based workload prediction to optimize replica placement dynamically, avoiding migration bottlenecks. Achieves 2.7x higher throughput and 76.4% better scalability (ICDE 2024).

2. Storage Optimization

HOCO Engine: Enables direct computation on compressed text data via homomorphic compression, offering 9.18x higher throughput for access/modification and 7.16x lower latency for analytics (SIGMOD 2024).SALI Framework: A scalable learned index that adapts to workload skew and boosts concurrency, delivering 2.04x higher insertion throughput under 64 threads (SIGMOD 2024).

Collaboration Impact: The research bridges academia and industry, with contributions from Renmin University’s data engineering experts and Tencent’s TDSQL R&D team. Attendees included leaders such as Du Xiaoyong (Renmin) and Wang Juhong (Tencent), highlighting the partnership’s strategic importance in advancing database technologies for critical sectors like finance and governance.

This collaboration underscores China’s growing leadership in high-performance database systems, combining cutting-edge AI/ML techniques with robust engineering to solve real-world scalability and efficiency challenges.

 

 

View original content:https://www.prnewswire.com/apac/news-releases/7-top-tier-database-conference-papers-power-core-transaction-speedup-of-32-tencentdb-tdsql-302436766.html

SOURCE Tencent Cloud

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Ant Digital Technologies Launches the DeTerministic Virtual Machine, Breaking the Glass Ceiling with AI-driven Web3 Advancements

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The AI-powered DeTerministic Virtual Machine Stack breaks new ground as an open source platform, empowering community advancement and revolutionising smart contract execution across blockchain networks

HANGZHOU, China, April 24, 2025 /PRNewswire/ — Ant Digital Technologies today unveiled the DeTerministic Virtual Machine (DTVM) Stack, a groundbreaking smart contract execution framework crafted to the increasing complexity and wide adoption of blockchain technology. This innovative solution aims to tackle long-standing issues around blockchain performance, deterministic execution, and ecosystem interoperability, signifying a significant leap forward in the evolution of emerging technologies.

The rapid evolution of blockchain technology has spurred significant performance and scalability challenges, prompting a continuous demand for innovation in high-performance blockchain networks in recent years. Central to these challenges are the constraints surrounding smart contract execution. As a result, high-performance blockchain virtual machines (VMs) are crucial for the progression of Web3 development, given their role in executing smart contracts and powering decentralised applications (dApps).

In response to the growing need for enhancements, the recently released DTVM Stack introduces a pioneering approach for smart contract execution. By leveraging WebAssembly (Wasm) technology and maintaining seamless compatibility with the Ethereum Virtual Machine (EVM) Application Binary Interface (ABI), DTVM Stack sets a new standard in smart contract performance optimisation by including multi-language SDKs and a core execution engine. In addition, the comprehensive solution integrates SmartCogent, an AI toolkit that facilitates a holistic development experience driven by Large Language Models (LLMs) and specialised AI agents to automate the smart contract lifecycle.

Dr. Ying Yan, Chief Scientist at Ant Digital Technologies, shared, “With the DTVM, we deliver a paradigm shift by guaranteeing 100% deterministic results, eliminating unpredictable outcomes in decentralised applications. Our seamless integration with the Ethereum ecosystem ensures flawless contract execution on all Ethereum-based platforms. In essence, DTVM SmartCogent serves as the Rosetta Stone of smart contract development, streamlining processes from coding, auditing to deployment into a cohesive, AI-driven workflow with unparalleled efficiency and accuracy. This empowers developers to concentrate on innovation rather than debugging, revolutionising the landscape of blockchain technology

Through rigorous testing, DTVM Stack has demonstrated exceptional performance metrics. Its logical vulnerability detection achieves a remarkable 81% accuracy rate, coupled with an impressive 86% success rate in repairing identified issues. These results stand as a testament to DTVM Stack’s superior capabilities, surpassing industry benchmarks and outshining comparable open-source projects in the field.

Key features of the DTVM:

AI-powered SmartCogent

Enhances development efficiency by providing smart contract generations, security audits, and on-chain deployments, ensuring code security while boosting productivity

Performance Breakthrough

Achieves up to 2× acceleration in ERC contract executionReduces computational latency by up to 40.5% compared to existing Wasm Virtual MachinesEnables sub-millisecond post-deployment invocation times (0.95ms), marking a substantial 23× improvement in compilation and innovation efficiency over existing Wasm Virtual Machines

Multi-Language Development

Supports a wide array of mainstream programming languages including Solidity, C++, Rust, Java, and GoMaintains EVM ABI compatibility, ensuring seamless integration with existing frameworks

Advanced Security Features

Implements hardware-accelerated bounds checking for enhanced securityReduces the Trusted Computing Base to 69.5KLoC, optimizing system integrityDecreases machine code object file sizes by 30-72.6%, enhancing overall performance and efficiency

Developed by core technical teams from Ant Digital Technology’s Antchain, Ant Group’s Supercomputing Division, Pharos, and other leading entities, the DTVM stands as a testament to collaborative expertise and innovation. Currently, DTVM, comprising the core engine, multi-language SDK, and other essential technologies, has been open-sourced under the Apache License 2.0, allowing developers worldwide access to the complete codebase and documentation via GitHub.

By offering DTVM Stack as a free and open resource, Ant Digital Technologies is not only fostering innovation but also cultivating a vibrant community engagement platform. This strategic approach empowers developers globally to harness the full potential of DTVM Stack, encouraging continuous exploration and expansion of its cutting-edge capabilities.

For further details, please refer to the following resources:
Research Paper: https://arxiv.org/abs/2504.16552 
SmartCogent Demo&Application: https://zan.top/0x/dtvm-smart-cogent 

About Ant Digital Technologies

Ant Digital Technologies is Ant Group’s digital technology subsidiary. Ant Digital Technologies continues to promote the development and application of digital technologies, introducing leading products like ZOLOZ, mPaaS and ZAN based on its expertise in AI, privacy computing, and security technology. Ant Digital Technologies is committed to working with partners across different industries to support small and medium-sized financial institutions in their digital transformation, enable SMEs in the service industry to operate digitally, and facilitate digital collaboration across industries. Revenue from Ant Digital Technologies’ international business operation increased by 300% in 2023.

View original content:https://www.prnewswire.com/apac/news-releases/ant-digital-technologies-launches-the-deterministic-virtual-machine-breaking-the-glass-ceiling-with-ai-driven-web3-advancements-302436715.html

SOURCE Ant Digital Technologies

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Odoo Showcases Scalable ERP at Kuala Lumpur Business Show

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KUALA LUMPUR, Malaysia, April 24, 2025 /PRNewswire/ — Business management software Odoo wrapped up successful Business Show themed “Leverage Scalable ERP Software to Accelerate Your Business” together with sponsoring partners PCI Odoo (Malaysia) Sdn Bhd, A1 Consulting, Onnet Consulting, and customer SME Aerospace.

Greeting 700 industry pioneers in person, Odoo announced the €500 million transaction led by CapitalG and Sequoia Capital and showcased its latest product version, Odoo 18.

Live Product Showcase

User-friendly yet no less comprehensive, Odoo powers through every stage of its customers’ business expansion. The event showcased:

One-stop trading and service solution with inter-connected CRM, sales, supply chain, and project managementAutomated scheduling and creation of manufacturing orders, BoMs, and job ordersIntegrated data collection, consolidation, and sharingMyInvois integration – create and upload e-invoices directly from Odoo within clicksShopee Connector – synchronize your Shopee orders and manage inventory, deliveries, and all the rest on Odoo

Implementation Partner Panel & Customer Testimonial

At the partner panel and customer testimonial session, PCI Odoo (Malaysia) Sdn Bhd, A1 Consulting, and Onnet Consulting shared digital transformation tips.

PCI Odoo (Malaysia) Sdn Bhd and A1 Consulting offered insights into successful ERP adoption and pinpointed the importance of designing implementation strategies according to the company size. Nicole Khor Cheng Looi, CTO and Director of Onnet Consulting, the Odoo partner of 10 years, testified that Odoo’s regular version upgrades and releases of localized features are the software’s biggest competitive edge in Malaysia. “With constant product upgrades, Odoo empowers its customers to scale continuously with the latest technology,” he concluded.

Odoo’s customer, manufacturer SME Aerospace, underscores the software’s comprehensive business management capabilities. “If there’s one key takeaway from our journey, it’s this: a strong, integrated ERP like Odoo is more than just a system—it’s a foundation for future growth,” says Mr. Ahmad Fuzli, Vice President of Defence & Manufacturing, NADI Group / SME Aerospace.

View Odoo’s upcoming event schedule to connect with your local IT service providers and industry leaders, or schedule an online call with Odoo to learn more about its services in Malaysia.

About Odoo

With 70+ official apps and 57k+ third-party apps, Odoo manages businesses’ finance, sales, inventory & manufacturing processes, human resources, marketing, team productivity, and more. The Belgian open-source service provider operates in 19 countries and regions worldwide, including the United States, Indonesia, Dubai, and Hong Kong SAR.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/odoo-showcases-scalable-erp-at-kuala-lumpur-business-show-302436671.html

SOURCE Odoo HK Limited

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