Financial services organizations operate in a highly competitive market which puts great emphasis on the IT infrastructure to remain robust and efficient. Understandably banks, insurance companies, trading firms and others have traditionally kept their IT on-premise, where they can maintain their own specifications and controls. And it’s proved to be a prudent option, particularly for…
Many established financial services institutions have built up a formidable collection of on-premise technologies, from mainframes and legacy databases to large middleware platforms and even grid server farms. But the industry agrees that cloud computing and transitioning to a service-based IT model supported by cloud, are the way forward. When cloud was introduced as a…
financial services industry has undergone several seismic shifts over the last few years. One of them is a move towards customer-centricity: services that are tailored to the individual customer, which can be consumed how and when they choose.
With GDPR still a prevalent concern across the financial services industry, financial institutions face another major regulatory challenge in the form of the Markets in Financial Instruments Directive II (MiFID II). In the UK alone, the Financial Conduct Authority received 1,335 notifications of inaccurate transaction reporting under (MiFID II during 2018*).
There’s a clear need for a latency standard that can be applied globally across financial institutions. But that’s just one step. The real challenge emerges when you ask why this standard is necessary, and what it means for the future success of your business. Latency is key to your success because if it isn’t perfectly…
