BNY Mellon has acquired Portsmouth Financial Systems, a developer of modeling and analytics of structured credit transactions. The acquisition of Portsmouth Financial Systems will allow BNY Mellon to offer a new service with a variety of features, including allowing clients and investors to review actual or predictive security cash flows, to access loan level historical data analysis and cash-flow scenarios, and to plug-in default and prepayment modeling.

BNY Mellon said the new service will initially focus on analysis related to US residential mortgage-backed securities, growing over time to include other structured assets globally.

Patrick Tadie, executive vice president and head of global structured credit at BNY Mellon Corporate Trust, said: “This acquisition will allow us to provide clients and investors with a greater level of transparency around their structured credit holdings. It will enhance their analysis and decision-making capabilities by providing them with an independent, centralized source of data and extensive modeling tools.”