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Implementation deadlines have been and gone but banks are still living in Dodd-Frank’s shadow. One of the issues is that best practice hasn’t yet been agreed: the regulators still need to clarify standards. This is leaving many fumbling around in…
Ask most financial institutions about onboarding new reconciliations and the response you’ll get is one big manual headache. Luckily the status quo with lengthy delays and manual processing issues is undergoing a shakeup. A recent benchmark survey…
The reliance on staff to deal with manual reconciliations and multiple systems is about to reach its tipping point. With headcount reduction and cost cutting, firms are under increasing pressure to automate their reconciliation processes. This…
We recently worked with Aite Group on a benchmark survey exploring the reconciliation challenges facing financial services firms. The benchmark threw up a number of interesting findings around issues such as an over-reliance on manual processes,…
The average tier one investment bank today is dealing with a very complex trade processing infrastructure. You’d expect the infrastructure to resemble a high speed rail line fully optimised to deliver trades from execution venue to settlement in…
I’m writing this from Singapore, identified last year by Insead as the 3rd most innovative country in the world and in March 2013 named “Top Innovation City” in a Wall Street journal report.Financial institutions and corporates operating in this…
A big mistake that financial institutions are still making is using Excel as their reconciliation tool of choice. Research we have carried out suggests that in many of the larger financial institutions over 80% of reconciliations are performed in…
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