Source:
Some 50% of trade transactions fail because of missing or wrong data, leading to processing inefficiencies and costing banks time and money. Financial Technologies International CEO Mike Meriton discusses the importance of reference data and how banks can reduce excessive back office costs while improving operational efficiency.
Meriton argues that an integrated suite of back-office applications on a single operating platform using common industry-leading data model is the best approach to enable securities enterprises to streamline processes to respond to customer, competitors, regulatory and market demands.
Download the document now 1.6Mb - PDF