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In 1974, Bank of New York was founded by Alexander Hamilton, which makes it the oldest bank in America. It has now merged with Mellon Financial Corporation, which created the world’s largest securities servicing and asset management firm. It was facing a problem with organization, but then changed by using a new customer-data system. Bank of New York has grown through more than 80 acquisitions worldwide in the past 10 years. It keeps information on thousands of institutional clients and over 700,000 retail customers. Customer data was spread out everywhere throughout the servers. The information was also limited in different groups and countries...
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