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What Are The Hot Trends In Financial Services?

A Webinar Series with Aite Group and Informatica

Informatica, Aite Group, and Financial industry thought leaders just launched a series of webinars on hot trends in Insurance, Banking and Capital Markets. The issues by industry include:
In Insurance:

  • Master Data Management has become critical to customer retention and effective cross selling and upselling
  • ACORD based integration is critical to the success of Master Data Management because of the increased adoption of ACORD internally to integrate data from disparate systems into an MDM hub
  • In Wholesale Banking:
  • Payments infrastructure is getting increasingly complex due to mergers, increasing payment channels and types
  • Payments integration, as a result, is becoming increasingly important to integrate the new payments hubs with legacy systems that will continue to operate or exist from pre-merger days

In Capital markets:

  • Reference data management is estimated to be a $20B+ market and has been a focus due to increased regulatory scrutiny, need to accurately assess enterprise risk, product onboarding/ data acquisition/ operational costs
  • Firms are looking for a solution the supports the end-to-end lifecycle of reference data management including:
    • Integrating multiple external vendor and proprietary feeds containing security information
    • Normalizing and consolidating the data into a security master
    • Integrating master data into downstream applications, data warehouses, and systems whether in batch, real time, or through messaging platform
    • Identifying potential trade failures

For more information please see this Insurance focused webinar, How ACORD-based Integration is Critical to MDM and Application Projects with Aite Group and ACORD.

For more information on the white paper behind the Wholesale banking webinar see: Revenue-Generation and Cost-Saving Opportunities for Banks’ Payment Business.

For Aite’s recent blog on this topic see: Straight Through Payments Processing Use Data Translation And Exchange To Avoid Delays

For more information on SEPA, ISO 20022 and Payments interoperability, see the recent TweetJam with Nancy Atkinson from Aite and Chris Skinner from Financial Services Club.

For blogs related to the topics above see:

What Does Your Payment Hub Need To Be Successful?

So You’ve Automated But Do You Have Data Visibility?

What Percentage Of Your Transactions Are Processed Straight Through B2B?

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