Vendor Added Value Benefits Vendor Added Value – “VAV”, let’s call it, is all the comforting layers of extra value client firms get from experienced vendors. Indeed, here I am talking about “VERMEG VAV”. Global regulators, clamping down with attention-grabbing Senior Management letters and significant mis-reporting fines have an ever-slimming tolerance for dodgy data, broken processes and reporting interpretation errors,
As 2019 passes it seems fitting to look back on the past 12 months and, in particular, at the industry activities that have been of interest to our Regulatory Reporting community. It goes without saying that one topic has been dominant in all aspects of life in recent years and the last 12 months seem to have involved a Brexit
Today, custodians like any other financial institution are facing rapid changes in regulation and technology. Revenues are shrinking and the competition between custodians is getting harder where transparency on fees is mandated by regulation. Even though these changes already existed for the last few years, no clear answer or trend was invoked. Therefore, the pressure still lays with the custodians
Brahim Halmaoui, Senior VP for Insurance, VERMEG, shares his views on how NOT to proceed with the transformation of an insurance organisation. “Irrespective of which field of insurance they are in, which region, or what size of business they are, transformation needs to take them from a centuries-old model of selling insurance through very silo-based operations – where we have
Artificial Intelligence (AI) brings us a myriad of new opportunities! Processes can be up to 15 times more efficient with AI technology than without it. Each insurer must logically identify his or her application fields. Artificial Intelligence is not one unique technology, but rather a group of technologies. They include big data, RPA (Robotic Process Automation), machine learning, chatbots, etc.
The final phases of the EMIR (European Market and Infrastructure Regulations) compliance schedule are rapidly approaching. According to an ISDA study, more than 10,000 counterparties will be impacted in 2019 and 20201. Preparation is insufficient for the majority of players concerned and, often, little or nothing is known about the impact of the regulations. And, when the regulations are known,
The recent explosion of data volume and computing power has led to a dramatic re-evaluation of Artificial Intelligence (AI) in several industries including the financial sector. AI’s challenges and limitations are creating a “moving target” problem for leaders: it is hard to maintain a leading edge in something that’s always advancing so fast. This short article explores the commercial implications
Software publishing is a very recent universe, since IT has only been in existence for 50 years at the most. Over the past five decades, the progress made can be regarded as considerable. First of all, the power of computers has evolved at lightning speed, although it is currently slowing down to make way for miniaturisation. Software, which was used
With the implementation of the Vision 2020 programme, the Eurosystem has set itself on the ambitious path to modernisation of the market infrastructures, with the goal of obtaining better integration and harmonisation of securities and cash within the Euro zone and thus enhance its appeal to investors. IN THE CONTEXT OF THIS PROGRAMME, THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL
