Corporate actions tend to be a difficult field to navigate and can present many challenges. Whether it is bond redemptions or the sending of messages between issuers and investors, each action comes with its own set of hurdles. Corporate actions are viewed as expensive, risky and inefficient, yet they are a necessity in today’s financial
Compliance
Social Media without the Compliance Headaches
Guest Contributor: Stephen Marsh, CEO & Founder, Smarsh, Inc. A number of registered firms have prohibited the use of LinkedIn, Facebook, Twitter and other social networks due to the perceived compliance complexities, and this isn’t anything new. According to a survey of financial professionals conducted last year by American Century Investment, 47 percent of respondents
Financial Technologies Forum (FTF)
The FTF Newsletter is Born
Well, it’s been a long time planning but some things are just worth the wait. While it hasn’t come without some new grey hairs, it’s an exciting time for Financial Technologies Forum as we announce the official launch of our free online newsletter and new web site today, February 16th. The FTF Newsletter is “The
Compliance
What Will it Take to Stay Compliant in 2011?
Thomson Reuters Governance, Risk and Compliance just completed its 2nd annual ‘Cost of Compliance’ survey for 2011. The verdict: 71% of the firms surveyed predict it will cost them a great deal in money, resources and time (but really time is money!) in order to be compliant with regulators this upcoming year. This survey not
Compliance
Bringing Security to Social Media
Let’s face it, social media is big. And by the looks of it, I would say, it’s only getting bigger. But social media has presented many new challenges for the financial services industry, especially in the area of security and compliance. In response to these challenges FINRA released Notice 10-06 which detailed regulatory guidelines related
Back-Office
Buy-Side Challenges + Opportunities in 2011
Guest Contributer: David Kubersky, Managing Director, SimCorp North America Against the backdrop of the global recession that engulfed the financial services industry over the last few years, the good news is the potential for 2011 looks bright. For the investment management industry in particular, this year holds a number of opportunities. While the recession’s impact
Clearing and Settlement
Achieving Operational Efficiency and Automation by Making New Friends
Recently we have seen financial technology providers joining forces with each other in order to create better solutions and processes that will keep financial institutions compliant with the new regulations we all face. Just last week, we saw the DTCC, MarkitSERV and AcadiaSoft join together to streamline OTC derivatives processing, and this week another new
Derivatives
Technology Cuts: Bad News for the CFTC
So what would happen if the CFTC ran out of room to store data? Well we just might find out this October when, according to Scott O’Malia, a commissioner at the CFTC, they are on a path to do just that! The CFTC’s technology budget, like all government agencies, has been frozen for 2011 at
Financial Technology
Aite Group 2011 IT Priorities and Spending Study
Aite Group, LLC is currently calling all C-level technology and operations executives of securities firms to participate in a short, 15 minute survey on 2011 IT spending trends in capital markets. By taking the survey, not only are you entered to win a Tivoli Model One® Radio, but you will also receive a complimentary copy
Cloud
Cloud Computing: Welcome to the Buy-Side
Guest Contributor: Mike Wilkins, Industry Expert Cloud computing’s impact on financial technology is at the forefront of everyone’s mind these days, from the pinstriped bankers on Wall Street to the hoodie and jeans crowd on LaSalle Street. As the geek humor bit goes, we all know the cloud’s gone mainstream when Microsoft is running commercials
