The climate agenda continues to divide leaders in the financial services industry. While some believe it’s not the job of banks to ensure that companies are adopting sustainable practices, others, like Hiromichi Mizuno, Chief Investment Officer of Japan’s Government Pension Investment Fund, said that it’s imperative for asset managers to support green finance. Whether it’s…
Since the emergence of novel coronavirus, or Covid-19, many businesses have had to adjust their business strategies and processes, shifting the focus away from central offices to home services for both customers and employees. This reduces to a minimum the chances of exposure to the virus but puts pressure on IT departments to keep work…
The phrase digital transformation might lead to an eye roll and a groan from many IT people in financial services, such is the ubiquity of the phrase. But while we search for a new way to have the conversation, the conversation itself stays the same. Businesses internally and externally need to increasingly merge physical and…
Mergers and acquisitions are proving crucial for financial services companies in today’s fast-moving and competitive landscape. From wanting to scale and enter new markets to obtaining unique intellectual property or technical capability, it’s clear why businesses in this highly competitive sector want to pursue M&As. In a recent survey by BankDirector, 44% of independent directors,…
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…
