Kishore Saokar, FRM’s Post

*New report* Outdated systems for managing and sharing data are costing capital markets firms millions of dollars every year and leaving them exposed to operational and regulatory risks, according to a new study in collaboration with Axoni. “For some capital markets firms, manual data reconciliation adds millions of dollars in expenses every year,” says Audrey Costabile PhD, Senior Analyst for Coalition Greenwich Market Structure & Technology and author of Operations Data-Sharing: A Critical Time to Innovate. “Across the industry, firms must embrace innovative data tools if they are to meet changing regulatory and operational demands while also ensuring data privacy, accuracy and efficiency.” https://lnkd.in/g2uBUQud

In an era of heightened data transparency, asset managers face a surge in reporting demands, including regulatory obligations. Efficiency is paramount. Discover how our products streamline compliance and reporting. https://lnkd.in/emXKfthU #AssetManagement #compliance #DataTransparency #Efficiency

Choosing technology and vendors can make a real difference to the ability of advisers to service clients efficiently and cost effectively. Price and costs are just one set of considerations, it’s equally, if not more critical, to opt for proven and reliable solutions which keep pace with innovation and are closely aligned to a practice’s requirements. #shares #wealth #investing #financialadvice #SMSF #tradingtechnology #platforms

What Challenges Do Firms Face When Automating Trade Lifecycle Management? 🛠️ #TradingTechChallenges 🛠️ Good afternoon, financial analysts and market participants! Building on our earlier discussion, let’s delve into the challenges of automating trade lifecycle management. What hurdles must firms overcome to successfully implement automation? 🚧 Challenges in Trade Lifecycle Automation 🚧 While automation offers significant benefits, it also presents several challenges that firms need to address to ensure successful implementation. 💡 Key Challenges and Solutions 💡 Integration with Legacy Systems: Discuss the complexities of integrating new automated systems with existing legacy infrastructure. How can firms ensure seamless integration without disrupting ongoing operations? Data Security and Privacy: Explore the challenges related to maintaining data security and privacy in automated systems. What measures are essential to protect sensitive trading information? 🚀 Overcoming Automation Challenges 🚀 Change Management: Highlight the importance of effective change management strategies to facilitate the transition to automated processes. How can training and communication help ease this transition? Regulatory Compliance: Consider the need to comply with evolving regulatory requirements. How can firms ensure their automated systems meet all necessary compliance standards? 👍 Like 👉 Share 👇 Comment #MDMarketInsights #businessanalysis #capitalmarkets #financeindustry #financialservices #investmentanalysis #TradeFloor #dataanalytics #riskmanagement #tradingstrategies #marketresearch #investmentmanagement #assetmanagement #fintech #regulatorycompliance #portfoliomanagement #derivatives #marketanalysis #financialtechnology #quantitativeanalysis #investmentstrategy #businessintelligence #financialinnovation #economicanalysis #hedgefunds #privateequity #TradingSystems #datascience #riskanalysis #financialdata

In our market, every decision counts. From navigating regulatory compliance to choosing and implementing leading-edge technology solutions, the stakes are high and the margin for error is nearly non-existent. That's why when it comes to choosing a technology consultant, expertise isn't just an advantage, it's essential. As the founder of a technology consulting firm with over 40 years of hands-on experience, I've seen the difference that deep financial services domain knowledge can offer. Here's why it matters: 1️⃣ Problem Solving Precision - Financial services operate within a complex web of regulations, market dynamics, and technological advancements. Without a thorough understanding of these intricacies, solutions can be misguided or incomplete. Consultants with domain knowledge can accurately diagnose issues and tailor solutions to address them effectively. 2️⃣ Risk Management - Regulatory compliance is non-negotiable in the financial sector. Consultants versed in industry-specific regulations can help organizations navigate compliance requirements seamlessly, reducing the risk of costly penalties or reputational damage. 3️⃣ Purposeful Innovation - Innovation drives progress in financial services, but it must be strategic to yield meaningful results. Consultants with domain expertise understand the nuances of the industry, enabling them to identify opportunities for innovation that align with business objectives and regulatory frameworks. 4️⃣ Customer Confidence - Customers entrust consultants with their most sensitive operations and strategic initiatives. Demonstrating a deep understanding of their industry instills confidence and fosters trust, laying the foundation for successful partnerships and long-term collaboration. At mts, we combine technical proficiency with a profound understanding of the financial services landscape. Our team of consultants brings years of experience working within the industry, allowing us to deliver tailored solutions that drive measurable results for our clients. http://www.mead-tech.com #mortgagelending #fintech #banking #creditunion #digitaltransformation #purposefulinnovation #strategicconsulting

Is it time for the #financialservicesindustry to pay attention to the equally important #posttrade activities, in particular, #corporateactions? Alan Goodrich at ERI explains why it is imperative for the industry to focus on efficient processing. At AFME (Association for Financial Markets in Europe)’s 2023 OPTIC operations conference in Brussels, over 50% of the audience vote went to corporate actions automation as the area most in need of investment as businesses focus on improving critical areas of the business: Streamlining workflows Reducing operational risks and errors Lowering costs and improving efficiency Boosting customer satisfaction Mr. Goodrich interestingly compared a financial organisation with a team sport. Highly paid players that score for the team attract the attention and finance. But, without an innovative midfield to deliver the ball to the strike force and a solid defence to keep the opposition at bay, it doesn’t matter how effective or efficient the front line is. Without the ball, it is impossible to score. With efficient #corporateactionsprocessing, firms can enhance productivity and unlock even greater opportunities to succeed in today’s competitive financial landscape. Read his full article here - https://lnkd.in/gmQCNgne Contemi Solutions' award-winning Wealth Intelligence Corporate Actions solution is designed to automate the entire workflow including real-time #datacollection and processing from multiple sources, notification management, election management, #compliance, and more. Our software ensures that no event is missed and no erroneous information is acted upon. It offers comprehensive processing visibility tailored to any event type, guaranteeing compliance with best practices and adherence to internal and market deadlines. Key Features: Automation & Accuracy: Eliminate manual errors and ensure precise information flow. Workflow Specificity: Customized workflows for different event types to streamline processes. Compliance & Deadlines: Stay compliant with best practices and meet all internal and market deadlines. Information Dissemination: Efficiently manage information distribution, instruction recording, and accurate allocation and reporting across multiple custodians. Empower your team with the tools they need to enhance efficiency, accuracy, compliance, and client satisfaction. To know more, speak with our award-winning Solutions Director, Amrik Sanghera, and our Chief Commercial Officer, Gaurav Mehta. Or visit us at https://lnkd.in/gA3PvaDG to read more and send us your details at info@contemi.com to set up a demo. #WealthManagement #Automation #FinTech #Compliance #Efficiency #WealthManagers #WealthTech #WealthSolutions #AutomationInWealth #DigitalTransformation #Contemi #WealthIntelligence #WealthAutomation #CorporateActionAutomation

BNP Paribas - Securities Services has launched new post-trade data management services to simplify the integration of multiple data sources into single ecosystems. The new capabilities are the result of a partnership with financial data technology solutions provider NeoXam, leveraging technology in the latter’s Investment Data Solution (IDS).

What I love most about Moody's is the company’s unwavering dedication to technological innovation.    But it’s not just innovation for its own sake. Moody’s excels at tackling real-world problems with cutting-edge technology and that's why I am excited about the launch of  Maxsight™.   Most data solutions have faltered due to interoperability and siloing issues. Maxsight™ is set to revolutionize this by offering a single, comprehensive, unified risk management platform that brings all data, from any source, right to users' fingertips. Maxsight™ will provide executive-level, organization-wide reporting, clear governance over processes and data, and a full audit history of decision-making – all while delivering world-class Client Service and Customer Success support. Maxsight™ is poised to set new standards in global risk management. Get ready! https://lnkd.in/gftEJB_b 

This Summit coverage from Advisor Magazine discusses aggregation as a standalone solution for firms. 👇🏽 Read the full article to learn the benefits of eMoney Aggregation: https://bit.ly/3Yy1ZQF #eMoneySummit24 #financialplanning

🚀 Quantifying the Compliance Challenge in Wealth Management In the wealth management and financial services sector, the demand for robust compliance technology solutions is escalating. The regulatory compliance management software market is experiencing significant growth, highlighting the scale and urgency of this challenge. Key Insights: • Market Size: The global regulatory compliance management software market was valued at $10.06 billion in 2023 and is projected to grow to $11.18 billion in 2024, with a compound annual growth rate (CAGR) of 11.1%. By 2028, it is expected to reach $17.11 billion Research and Markets . • Broader Compliance Market: Including services and software, the regulatory compliance market was valued at $19.44 billion in 2023, anticipated to grow to $21.16 billion in 2024, and projected to reach $30.17 billion by 2028 Cognitive Market Research . • IT Budgets: Financial institutions are expected to expand their IT budgets for risk management and compliance functions by 4.6% globally in 2024. This reflects the growing importance of advanced compliance technologies in managing financial crime, boosting AI readiness, and enhancing operational resilience Celent . The Wealth Management Perspective: Wealth management firms are increasingly turning to technology to enhance efficiency, improve client experience, and drive growth. Advisors who heavily utilize technology tend to outperform others, achieving higher growth rates in new client acquisition and assets under management Cerulli . By investing in cutting-edge compliance solutions, wealth management firms can not only meet regulatory requirements but also gain a competitive edge in a rapidly evolving market. Let’s leverage technology to transform compliance into a strategic advantage. 💡 #WealthManagement #Compliance #RegTech #AI #FinancialServices #Innovation