December 3, 2013
Banks and other financial institutions face regulatory compliance standards that have been developed to improve both the security of client accounts as well as to ensure the clarity and transparency of financial transactions. Current federal laws can require things like an explanation of interest rates as well as contract liabilities for investment transactions, mortgages and other types of loans.
November 8, 2013
The financial services industry continues to face severe tests from new regulations. As the compliance burden tightens, banks and capital markets firms are increasing their IT spend. A recent study by IDC predicts that total IT spending for the U.S. financial services industry will grow five percent this year to reach about USD 91 billion. This growth is largely driven by regulatory spending as financial firms take an increasingly proactive approach to leveraging new technologies to ensure effective compliance.
November 8, 2013
Due to recent financial events, the global market landscape for institutional and credit investors has undergone massive transformation. In recent years, the industry has witnessed convergence of the traditionally separate asset classes of hedge funds and private equity. Due to a low yield environment and economic volatility, many hedge funds have re-structured their strategies by investing in less liquid assets as they search for alpha.
October 17, 2013
Business process management is a key layer in that knowledge because it describes how the organization operates and even what the organization is about. Once we understand what the organization should be doing, we can begin to understand the gap between the current state and future state and move the organization forward.
October 17, 2013
Intelligent BPM is seen as the next logical step in the evolution of BPM. But is it an evolution or a revolution? What makes intelligent BPM different from traditional BPM is data: tons of data. Intelligent BPM successfully integrates data into processes and removes the manual decision-making that plagues traditional BPM.
October 4, 2013
The business environment for hedge funds continues to shift. There’s good news, and there’s bad news. True, hedge funds managers are experiencing an overall growth in assets, but at the same time downward price pressures are putting hedge fund managers in a position of having to make changes to their infrastructures and business models to reduce operating costs.
June 28, 2013
Throughout the 2008 crisis, governments around the world came to the aid of the ailing financial sector in various ways. Bottom line is that the banking industry received massive public support with some banks receiving government funding or becoming nationalized.
May 29, 2013
A properly defined IT governance program that includes processes and controls is essential to an efficient and effective IT program. With technology consuming a significant percentage of corporate budgets, sound IT governance is critical to profitability.
May 9, 2013
To stay competitive, many asset and hedge fund managers are reducing their technology budgets at the same time they are seeking more value from sophisticated trading technology. As a result of this, the need to balance cost and efficiency, technology vendors have begun to combine Order Management Systems (OMS) and Execution Management Systems (EMS).
April 25, 2013
Ingrid Beckles, founder and CEO, The Beckles Collective, LLC, asked Allen Price, senior vice president and co-head of business development at Nationstar Mortgage and Amy Brandt, president, correspondent lending and servicing at Prospect Mortgage, to share their views on what’s right—and what’s wrong--with the mortgage servicing industry during FSOkx’ forum From Meltdown to Transformation: Facing the Next-Generation of the Mortgage Industry.