Content posted in July 2014
|
What Will the Financial Back Office of Tomorrow Look Like?
Asset managers are increasingly looking to automate their manual back office workflows. Confluence calls it the "back office revolution."
Quandl to Distribute Nasdaq OMX Index Data for Free
Data portal Quandl forms its first partnership with Nasdaq OMX, providing global indexes to a younger generation of financial analysts.
Bankrolling Technical Debt: A Financier’s Guide
Technical debt represents the effort required to fix source code or application problems that put the business at risk.
Hedge Funds Face Compliance Hurdles of AIFMD
Alternative funds selling to European investors must meet ESMA's strict guidelines for trader reporting, risk controls, and valuations -- similar to SEC's Form PF.
Staying Ahead of the Game With Continuous Delivery
The need to develop better software faster is leading financial organizations to continuous delivery (CD), a practice pioneered by SaaS companies like Salesforce.
Tracking the True Technology Cost of Compliance, Regulation & Risk
In financial services, technology costs are rising rapidly while revenues are declining. This makes for a bad business recipe.
Shore Up Cyber Security Now
Knowing that a data breach can and will happen at some point, asset management firms can manage new operational and regulatory risk with a layered approach to cyber security.
Reputational Risk Drives Social Media Processes
In a recent study, reputational risk exceeded compliance as the top concern for financial services organizations with respect to social media.
Is Big Data a Problem or an Opportunity?
When it comes to data, financial services firms are, as a rule, quite circumspect. They fear cyberattacks, data theft, data loss, security breaches, data privacy, and human error.
Data Analysis Startup Thinknum Raises $1M in Seed Round
The financial analysis platform is planning to launch a private platform for hedge funds seeking to keep their models private.
Hiring Trends: Wall Street Regulators in Demand
High-ranking government officials continue to leave the CFTC, landing lucrative industry jobs.
Decision-Making Automation: The Next Financial Services Innovation
As algorithms and the markets continue to evolve, the way traders apply data and analytics to algo creation will lead to the next wave of innovation.
Data Integrity: A Necessity, Not an Option
Financial institutions that have taken on the data integrity task in the past now have to spend more money on hardware, software, and people just to keep up with the demand.
What Colombia’s New IT Campaign Means for Latin American Tech Investment
Colombia’s campaign is the latest example of how Latin America is trying to edge into the global technology space.
Barclays Disputes NY Attorney General's Dark Pool Allegations
Asking a court to dismiss the NYAG's lawsuit, Barclays contends that highly sophisticated traders were not misled about high-frequency traders in its dark pool.
Initial Margin: When Does More Turn Out to Be Less?
Changing margin regulations are set to affect the OTC derivative market, including initial margin risk models for non-cleared OTCs.
The Mainframe Innovation Drag
It may be time for a consortium of firms motivated around the objective of eliminating the mainframe. What if every self-clearing firm decided to participate in building a modern, back-office system as an open-source, cloud-based project?
Big Data DIY
Now that we have passed the initial hype phase of big data, companies are searching for real business value from their investments. Consultants can play a part, but only if financial firms insist on a new partnership model.
Surviving & Thriving in the Current Risk Management & Regulatory Environment
How financial institutions can leverage compliance initiatives to improve their business with a 360-degree view of the customer.
Markets Looking Forward to Earnings
Geopolitical risks are increasing as the markets chug through the summer months, and investors are watching their risk profiles very closely.
5 Red Hot Summer Market Predictions
With the summer starting to heat up, here are five things we will see in the financial markets in the second half of 2014.
SEC Eyes Cyber-Security Planning
In addition to regular audits, the SEC will start to scrutinize the cyber-security preparedness of market participants.
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.
So Much Data, So Little Time
How fast does data need to be used in order to be beneficial?
Understanding the Value of Big Data
Winning investors are embracing new technologies to make better allocation decisions.
Why Is the Investor's Personal Rate of Return Missing on Financial Statements?
Only 25% of statements across the annuity, mutual fund, and brokerage sectors include a "personal rate of return," Dalbar's annual survey says.
Investment Bank Prager Takes New Approach to CRM
Prager & Co. is one of a growing number of financial service firms turning to customer relationship management (CRM) technology to improve customer success.
Hedge Fund Readiness for AIFMD Is Lacking as Deadline Approaches
With the July 22 deadline looming, hedge funds are unprepared to meet the AIFMD data reporting requirements, and they worry about compliance costs, two studies say.
Compliance Training Goes From Mindless to Competitive With Game Mechanics
True Office is helping big banks gamify compliance training for better engagement and understanding.
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.
Are You Ready for the Mobile Enterprise?
In addition to supporting external customers, banks need to support their own increasingly mobile employee base.
Vigilante Justice on the Digital Frontier
In the face of slow government action, Wild West-style justice has moved to the digital realm, and private organizations risk being caught in the crossfire.
Security Beyond the Firewall
With more and more mobile devices in use each day, the traditional corporate firewall's limits have been exposed.
Compliance Technology: The Art of Playing Your Part
Though the Dodd-Frank Act is four years old, only 52% of the rules have been completed, and less than one-third of financial firms feel they are prepared to meet the upcoming compliance challenges.
The Frontline Value of ERP security
The critical nature of the business process systems means that when it comes to safeguarding, ERP often merits a bit more care.
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.
Wells Fargo CDO Charles Thomas Is A Data Diplomat
Thomas took over as chief data officer for Wells Fargo in March, after serving in the same capacity at USAA.
Moving Beyond Buy-Side Cloud Computing Myths
Security and compliance are certainly concerns for buy-side firms looking to use the cloud, but it shouldn't hold everyone back from cloud-based technology.
Should I Hire a Data Scientist?
Before spending big bucks on data scientists, understand the depths of the big data problem. Identifying the issues can help extract maximum value from the coveted skill sets.
New York Tech Scene is Optimistic, Finds NYTECH Survey
17% of surveyed New York-based organizations grew more than 50% last year. 26% predict more jobs will be added over the next year.
Throwing Sharks out of the Dark Pool Tank
Barclays is the most recent brokerage to be fined for letting predators into its dark pool. But will investors be happy with dark pools without sharks?
5 Ways Semantic Technology Is Transforming the Financial Services Industry
Semantic search intuitively finds and connects relevant data across the enterprise. Innovation in this technology is helping organizations simplify and transform operations.
Demystifying the Financial Services Myths Around Legacy IT
Contrary to the industry's popular belief, there is no silver bullet when it comes to properly upgrading a corporate IT environment. A multi-phased process must be embraced.
Financial Industry Infrastructure in Need of Rebuild
The C suites are responsible for tearing down silo thinking and reengineering the financial system. So far, they've left much to be desired.
TradeKing Enters the Online Advisory Market
As robo-advisers target independent investors with automated tools, TradeKing teamed with Morningstar's Ibbotson Associates to deliver professionally managed portfolios with low fees.
Playing Catch Up: Banks & Brokerages Battle for the Self-Directed Investor
Investors want easy-to-use interfaces, customized views, and dynamic content. Moving this kind of data to the front-end is a big ask for legacy back-office databases.
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.
Japan’s Migration to Electronic Execution & Dark Pools
Relative to three years earlier, 40% of Japanese asset managers reduced discretionary execution and about 80% reported increased use of algorithmic trading and direct market access.
NY Fintech Scene Growing Faster Than Silicon Valley Since '08
Deals and investments in NY fintech startup scene are important to long-term ability to stay on the cutting edge.
|
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.
Tweet This