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Asset Managers Set Sights on Defragmenting Back-Office Data Defragmenting back-office data and technology will be a top focus for asset managers in 2015.
How to Talk to Your Board About Stress Testing A meaningful report describing risks uncovered from a bank's stress-testing efforts empowers its board to assess current and potential risks within the loan portfolio.
Financial Data Supply Chain, Part 2: Integration as the Ultimate Weapon An integrated financial data supply chain creates efficiencies through automation, openness, standards, and communication across the data supply chain from source to use, rather than simply passing data on and out of sight.
Next Year, Aim for Communication & Clarity of Cloud Apps Capital Markets Outlook 2015: Enterprises will better manage their cloud exposure by offering enterprise versions of consumer applications and alternative apps vetted by security.
Improving Performance Measurement for Asset Managers It's critical that firms view performance data in the same way they view accounting data and their investment book of record. Effectively, firms should be looking to develop a performance book of record.
QA & Testing Budgets Are Rising for Financial Services Firms Research finds IT budget allocation for application quality has grown from 18% to 26% between 2012 and 2014.
The OFR’s Latest: 'C Is for Credit' The Office of Financial Research has issued its annual report to Congress. Most alarming: Credit risk has increased unabated.
Do-It-Yourself Flash Crash Preventer Kit Home Depot became the latest Flash Crash poster child in late November with a 10% plunge in its share price, which momentarily wiped $12 billion off of the DIY store’s value.
FIX for Post-Trade Gains Traction: How Far Will It Go? A group of heavyweight asset managers has collaborated on a solution for non-US trade confirmations and affirmations that is fueling interest in FIX for post-trade use as an alternative to Omgeo's Central Trade Manager.
No Screwups, Please, We’re Banks Changing a bank's culture is not going to happen overnight, but having the right tools and levers in house will surely make a big difference over time.
Risk Aversion: The Biggest Innovation Obstacle Fear of risk is the biggest factor holding financial services organizations back from innovating.
The Newfound Popularity of Exchanges Raises the Bar for ERM Regulators have looked to exchanges with their CCP clearing arms as solutions to the financial crisis. However, ERM practices at exchanges have historically been an afterthought.
BCBS 239 Requires Integration of Risk & Finance Organizations Financial services firms must leverage current initiatives focused on BCBS 239 compliance to develop a closer alliance between the risk and finance functions.
Enterprise Exposure to Cloud Apps Rises, Security Controls Spread Thin The average number of cloud services used in financial services has jumped to 844. Security risks are greater than many perceived. Can IT keep up?
Wave of Derivatives Risk & Fraud Scuppers Shipping Company Ships’ fuel company OW Bunker has been scuppered by a rogue wave of derivatives trades and fraudulent pirates.
Survey Shows an Urgency to Automate the Back Office Confluence reports numbers are trending up across the board when discussing the need to automate back-office processes.
7 Pillars of Market Surveillance 2.0 Compliance officers are facing flash crashes, insider trading, market manipulation, and more. Here are seven market surveillance and risk management steps that will help compliance officers sleep better at night.
Managing Social Media Risk Strategy: Technology Can Only Go So Far Advanced analytical technologies are an important part of a social media risk management strategy, an Accenture report says, but the technology must be balanced with training and procedures.
Hedge Funds Gain Access to Data on Prime Services, Swaps & Funding Costs S3 will distribute counterparty analytics through Portware to help hedge funds and asset managers understand the costs of prime services, swaps, and custody services.
Only 23% of Buy Side Can Perform Intraday Calculations According to a SimCorp poll, 83% of buy-side respondents place a high importance on the ability to perform intraday calculations, but only 23% are able to perform these calculations.
Pssst – Can You Keep a Secret? Upholding Compliance Amongst Colleagues Even when all parties know the rules about sharing non-public information, it's clear more tools and logic are necessary to stem the free flow of sensitive data.
The Return of Fat Fingers Recent events demonstrate not enough progress has been made in the monitoring and surveillance of trading -- human or machine.
The Future of FinTech Making predictions in technology is tricky but there are a couple of prevailing themes that are likely to influence how the industry will evolve over the next five to 10 years.
Financial Services: Are We Becoming Complacent About Systemic Risk? As history has demonstrated, the further away we move from a crisis, the less vigilant we tend to become in protecting against future shocks.
The Art of Leveraging Governance, Risk & Compliance Technology Tools Eliminating compliance risk across information channels is a constantly transforming task. Ongoing auditing and auto-corrective technology can increase trust, accountability, and transparency.
Chip & Pain, EMV Will Not Solve Payment Card Fraud Switching to EMV cards will lower retail fraud, but it's not enough. Here's the good, the bad, and the ugly.
Scotland Independence Vote: Haggis & Fragmentation Scottish independence has far-reaching consequences for the global financial markets.
TeraExchange to Launch Bitcoin Swap Trading on Regulated SEF Platform Citing demand for an efficient hedging tool, TeraExchange has developed a Bitcoin swap product and a Bitcoin price index, to launch the first regulated Bitcoin derivatives platform.
This is How Banks Need to Manage People Risk Is your bank leveraging all the key tools of manager enablement: education, preparation, incentivization and data analytics to help minimize the risk of losing your best people?
Getting Social: Top Tips for Establishing a Social Media Plan As the influence of social media channels continues to grow, organizations must have a handle on the regulations and the risks social can introduce to a firm.
The Execution Challenge It's one thing for banks to encourage innovation and transformation, and it's quite another to execute successfully on these strategies.
Corvil Launches Streaming Analytics Platform to Mitigate IT Risk in Electronic Trading To detect risks in electronic trading, Corvil is moving beyond latency management to help banks and exchanges run real-time analytics on petabytes of data that can be migrated to big-data systems.
Catch Me if You Can: Risk Hidden in Plain Sight The digital revolution hasn't yet reached all four corners of the enterprise. Paper-based data and manual workflows are hotspots for risk and are ripe for modernization.
The Ripening Case for Managed Services in Risk Management Risk management will not escape the trend towards managed service solutions. Managers must prepare to take advantage of the emerging technologies and vendor relationships.
Regulation Is 'New Normal,' Industry Shifts Focus Back to Growth Linedata surveys suggest the financial industry's future challenges are less focused on regulation and more on improving client relationship and developing products.
Risk Transparency, Defined Despite best efforts to define and commit technology to effective actualization of transparency, the notion of transparency remains vague and is often left to the best efforts of information providers.
Risk Management Solution Challenges & Architecture Patterns Computing arbitrary functions on a large and growing master data set in real-time is a daunting problem.
Reducing Risk by Automating Cash Management & Securities Pricing Janus Capital Group automated 98% of its core business processes for efficiency and improved accountability.
Internalizing Continuous Control Monitoring at Financial Institutions The latest wave of regulation is casting a spotlight on the level of control and monitoring that institutions apply to their internal processes.
Is Analytics a Must Have? Wall Street IT Executives Don’t Seem to Think So Operations spearheaded analytics in IT because the need for it was evident on the surface. But on the software development side, the software risk is behind the scenes until a glitch brings it to the CIO's attention.
Skyhigh Adds 50+ Cloud Services to 'Enterprise-Ready' Program An objective rating assessment program helps differentiate enterprise-ready cloud services from high-risk services.
Don’t Gamble With Your Financial Close With the repetitive nature of creating financial statements, you might think the process would be supported by large-scale automation. Unfortunately, that isn't always the case.
Information Overload: Making Big Data Scalable Powerful visualization tools are displaying large volumes of data in more meaningful ways.
A Case for Quality Assurance in Financial Technology Testing Quality assurance testing in a project's early stages is sometimes viewed as an unnecessary cost, but a proper strategy and collaboration can still save money and reputation.
The Conversation: Connecting the Global Regulatory Agenda US and European regulatory practices have diverged in crucial areas such as banking oversight, derivatives regulation, and privacy protection. Reforms are moving ahead but gaps persist. Should there be more cooperation?
Swimming With Sharks Is a Dangerous Pastime After a sensational news program said the entire US equity market was rigged, there was an inevitable lawsuit and OneChicago got caught in the shark attack.
Patriot Missiles for the Market Financial services firms can control wanted behaviors in trading through analysis of fast, big data streams. So why can't these firms use the same technologies to detect unwanted behavior?
Beyond Heartbleed: 5 Basic Rules To Reduce Risk Firms continue to migrate sensitive information into fewer web-based applications with homogenous environments, increasing the potential for damage.
Stewardship of the Balance Sheet, Part 2: Why Interest Rate Risk Matters With the threat of rising rates on the horizon, banks are relying on existing “technologies” to avert the danger, such as duration risk, VaR and dynamic simulation, writes David Renz of SunGard's Ambit Treasury Management solution.