Effectively managing potential trade settlement fails—when either the seller does not deliver funds or the buyer does not deliver securities in an appropriate form on settlement date—is a key element in driving efficiency across the entire securities market ecosystem. Even though most trading operations are driven by automatic STP processes today and many banks have…

Today’s investor demands holistic financial engagement. While the wealth management industry has begun to use digital practices, most have focused their efforts on either the client-facing applications (front-end applications, platform-based tools, onboarding) or execution-oriented functions (legacy-system retirement, removal of manual processes, automation). It’s now time for firms to turn their attention as well to connecting…

For investment banks and capital markets firms struggling to keep pace with evolving market conditions, the cloud offers a number of significant opportunities. It can enable organizations to calculate pricing and risk more easily, optimize environments (right-sizing for testing and availability), process trades and transactions (with increased horizontal scalability and redundancy) and migrate function-based SaaS…

Asset managers are no strangers to transformation. Over the past decade, many have gained operational scale with operating model changes that harness technology, asset servicing partners and platform-integrations across both middle- and back-office functions. However, the pace of innovation these days is changing the face of transformation. Those firms that are agile and can take…

In the rush to convert to hybrid advice, a model that combines human and digital capabilities, and establish digital platforms to better serve clients, some wealth managers are forgetting one major component: their workforce. While changes are made ostensibly to better serve clients, that generally happens when workforces are better served by their employers. When…

In my previous blog, Five Reasons Asset Managers Need Strong Data Governance, I discussed drivers for making the business case for your data governance program. Now, let’s discuss common obstacles encountered when creating a data governance program and how to overcome them. We know that a one-size-fits-all approach will not work in data governance. Individual…