FINBOURNE FINsights - October 2023
For too long, Financial Services have been unable to unlock the true potential of data. Constrained by legacy technology, the complexity of managing alternative asset classes and increasingly active regulators, more and more are finding it difficult to generate market-leading returns.
On the face of it, these issues appear unconnected, but look deeper and you’ll find an underlying cause: data - specifically the ability to access and use it to solve business problems.
Read on to discover FINBOURNE’s news, views, and industry insights on the latest data developments...
Conversations from: AWS Capital Markets Financial Data Forum
At the recent event,?Fidelity International?and FINBOURNE?delved into the data challenges caused by traditional asset management practices in their fireside chat 'Asset Management 2.0'.
Read our summary on the future of financial data in the cloud and how FINBOURNE plays a crucial part in helping Fidelity achieve a future-state architecture.
The Fidelity and FINBOURNE View:?
?? Yugo Ashida, Head of ISS Enterprise Architecture, Fidelity International
"The aim of ‘Asset Management 2.0’ is to achieve a flexible operating model that can adapt to unexpected changes, proactively respond to new requirements, and easily undertake new actions without adversely impacting on existing processes. One in which each of the different components of the business, can be modularized, all interconnected by data."?
?? Stephen Collie, Co-Founder, FINBOURNE Technology
"FINBOURNE’s platform is designed to power concepts like ‘Asset Management 2.0’ as well as help organisations improve financial data processes and drive growth. We can do this because we focus solely on Financial Services. No other organisation is as well positioned to address the core data management issues faced in the industry, whilst building financial functionality on top."
Content Highlights:
ESG Data Resiliency: From fire-fighting regulations to commercialising new opportunities -?We cover the key considerations around achieving ESG data resiliency: to establish a flexible data foundation which can cope with new data sets and evolving reporting requirements, while keeping the total cost of ownership low.
Recent Blogs & Interviews:
???As Technology Evolves, Asset Managers Adapt and Innovate?- In a recent Q&A with Markets Media, we explore the benefits of a modern data pipeline.
??Is artificial intelligence facing a diversity crisis??- With input from Denominator, we shine a spotlight on AI's intersection with ethics and society.
??Unlocking Competitive Edge: The Untapped Potential of Machine Learning in Financial Services?- We dive into the current use cases of Machine Learning, and the practical and achievable steps to harness the innovation.
领英推荐
The News in Numbers
???55%?-?Of Asset Owners are still using spreadsheets to manage and execute on their whole fund view, with 45% now focusing on data management as their core change priority, according to Citisoft.?
???64%?- Breaking internal data silos and improving data analysis is a high priority for Asset and Wealth Managers, with 84% planning to increase investment in digital transformation over the next 3 years, according to PwC.
???91%?- Data, and tackling legacy architecture, are key enablers in today's market, with 91% of global Banking and Capital Markets organisations also planning to increase their investment in digital transformation, according to PwC's CEO Survey.
???43% - In a bit to drive efficiency, support multi-asset classes and keep up with regulation, 43% of Asset Owners are looking to redesign their operating models today,?according to Citisoft's recent survey.
Upcoming Events
?? Cutter Connect, 12th October, London
?? AIMA Global Investor Forum, 12-13th October, Toronto?
?? TSAM, 31st October, New York
?? Hong Kong FinTech Week, 30th October - 5th November
?? FIMA Europe, 27th November, London
?? Singapore FinTech Festival, 15th-17th November
Let us know?if you'll be there and would like to learn more.
Meet FINBOURNE's Modern Financial Data Stack
With an interoperable approach and faster time to market, our Modern Financial Data Stack delivers a trusted data fabric, forming the hub for your operational data. Leveraging SaaS technology and a secure cloud infrastructure, we empower your financial data processes and drive operational growth.??
Our data stack liberates, simplifies and connects your data, reducing operational complexity and total cost of ownership. Ultimately, we restore the control and confidence needed to deliver trust and transparency to your employees and clients.
???Contact us