RMA: Firms shouldn’t ‘innovate for innovation’s sake’
10 October 2018 Miami
Image: Shutterstock
Firms shouldn’t be innovating for innovation’s sake but should look to provide solutions to problems in the industry, said one speaker at this year’s Risk Management Association Conference on Securities Lending.
The speaker, who was discussing new technology in the market, said that the industry needs to decide what technology it should be investing in.
She said: “A ton of financial technology companies are popping up, but which are the right ones we need to be partnering with to take us forward?”
Another panellist discussed the rise financial technology companies in the industry but warned that firms should be picky to ensure they get the right solution to their problem.
The panellist also questioned whether firms should be developing in-house systems or working with service providers.
He said: “Do you build your own platform in-house? Do you get a platform to take you 80 percent there and then do the rest with your own intellectual property?”
With the added danger of upcoming regulations, technology is becoming more important than ever to ensure smooth transitioning, and panellists agreed that the use of big data can help to ease some of the burden brought by these regulations.
The speaker, who was discussing new technology in the market, said that the industry needs to decide what technology it should be investing in.
She said: “A ton of financial technology companies are popping up, but which are the right ones we need to be partnering with to take us forward?”
Another panellist discussed the rise financial technology companies in the industry but warned that firms should be picky to ensure they get the right solution to their problem.
The panellist also questioned whether firms should be developing in-house systems or working with service providers.
He said: “Do you build your own platform in-house? Do you get a platform to take you 80 percent there and then do the rest with your own intellectual property?”
With the added danger of upcoming regulations, technology is becoming more important than ever to ensure smooth transitioning, and panellists agreed that the use of big data can help to ease some of the burden brought by these regulations.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
