It is only a matter of time before one of the larger international service providers realises that service delivery to the retail broker-dealer space sector is not as complicated as many believe, says Denis Orrock of GBST Capital Markets.
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As the global securities industry continues to evolve, moving away from its reliance on manual processes toward greater transparency and faster settlement, it is critical for today’s market participants to take a much deeper look at what legacy technology is actually costing in terms of operational loss. This article by GBST explains why robust technology supporting the middle office and operational processing pays for itself, and what the industry needs to consider in the years to come.
Although demand for pension flexibility has increased since pension freedoms were introduced three years ago, advised platforms have not embraced the trend by creating functionality that offers people a full range of options at retirement or making the process efficient for advisers.
AEGON UK, part of the AEGON Group which is one of the world’s largest listed life and pensions companies, offers pensions, life insurance, asset management and financial advice to around 2 million customers in the United Kingdom (UK) and has assets under administration of £57.6 billion.
Recently an existing GBST union client using Unison™ as its in house membership system implemented such a solution and integrated between their web processes and the Unison™ database.
With the introduction of Financial Transaction Taxes first in France and Italy, and soon for the EU, the full complexity of processing taxes is becoming a major operational headache for firms. GBST’s Financial Transaction Tax solution has recently gone live at a global investment bank, we have taken this opportunity to review what we have learnt from this process and present our experiences and thoughts to you.
The idea of ‘disruption’ is a hot topic in all sectors of the business world today, and financial services is no exception. Download our latest guide here for tips and case studies about customer-centric disruption.