Banks or insurers have been grappling with a legacy technology problem. Institutions have incrementally added technologies over time for systems that don’t speak to each other, and this has created points of friction with customers.To address this interoperability issue, BNY Mellon created its own startup to provide wealth advisors with a solution that seamlessly connects the components of a client’s financial picture in one setting. The startup, Pershing X, debuted its Wove wealth management platform this month to offer the core applications that advisors need.“This lack of interoperability is a real problem for advisors,” said Ainslee Simonds (pictured, right), president at Pershing LLC