Established in 1784, The Bank of New York Mellon (BNY Mellon) is an American investments company. BNY Mellon provides investment management, investment services and wealth management for institutions and individuals all over the world.
The Bank of New York Mellon has Category B banking license number 72001 issued by the Cayman Islands Monetary Authority. This type of license allows The Bank of New York Mellon to conduct banking and trustee operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of The Bank of New York Mellon failure its depositors will not get any compensation.