The firm said the system combines asset liability matching and advanced analytic functions with "more traditional" performance and risk reporting that can be customized to suit the differing needs of funds in different parts of the world.
Using a mixture of graphics and commentary, the reporting solution provides made-to-order analysis across three main areas - asset liability analysis, investment performance management and operational performance management, which examines a range of fund operations to create a "compliance health check".
BNYM Asset Servicing executive vice-president Nadine Chakar said: "We believe this solution raises the bar in terms of pension funds' ability to monitor their investments and their managers from both a performance and risk perspective."
Formed by the 2007 merger of the Bank of New York and Mellon Financial Corporation, the Bank of New York Mellon operates in 34 countries worldwide and employs some 43,200 people. It manages assets worth a combined $1.1 trillion.