SS&C Disputes Data Misuse Damages and Asks $889 Million From BNY Mellon

Canadian FinTech SS&C is reportedly accusing banking giant BNY Mellon of data misuse.The long-standing legal dispute is returning to court, Bloomberg News reported Monday (Feb 5), with SS&C — which provides operations services for investment managers — saying it is owed nearly $890 million by the banking giant.According to the report, the case began when SS&C uncovered information that led it to believe BNY had taken financial markets data and shared it with dozens of other entities, without permission and ...