About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

BISS Research Adds STP and Risk Measurements to Corporate Actions Benchmarking

Subscribe to our newsletter

In a climate where metrics seem to be ever more important, BISS Research is seeking to capitalise on this focus in data management with an upgrade of its benchmarking service for corporate actions vendors. For obvious reasons, risk management and STP have become key drivers for investment in the space (reducing headcounts and regulatory scrutiny being two such reasons), and BISS Research has duly added these factors to its benchmarking service.

Gary Wright, CEO of BISS Research, claims the service is “the only truly independent research company to focus on raising the standards in worldwide corporate actions.” In accordance with this claim of independence, he indicates that feedback from those involved in the benchmarking report has been the impetus for the addition of these new categories.

“We noted that there was an overwhelming demand for a greater concentration on core processes to achieve STP. As a result we have spent some considerable time revamping the questionnaire with our benchmarking panel” he explains. “A secondary request was to try and measure the risks within the corporate actions processes and quantify the benefits of systems in reducing them.”

Wright reckons this new questionnaire will set the bar higher for software vendors involved in the benchmarking process. “We will shortly announce the first vendors who have already committed to participate in this years corporate actions benchmarking,” he adds.

The idea of a benchmarked service is certainly appealing to the data community at large; discussions at last year’s FIMA in London focused on the need for metrics in order to get senior management buy in. This is especially the case when times are tough and departments have to go the extra mile to get funding for projects. However, how much these benchmarks hold water when under scrutiny by financial institutions is another matter.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: ESG data sourcing and management to meet your ESG strategy, objectives and timeline

ESG data plays a key role in research, fund product development, fund selection, asset selection, performance tracking, and client and regulatory reporting, yet it is not always easy to source and manage in a complete, transparent and timely manner. This webinar will review the state-of-play on ESG data, consider the challenges of sourcing and managing...

BLOG

Encompass Plans Corporate Digital Identity Platform Following Acquisition of CoorpID and Blacksmith KYC

Encompass Corporation, a provider of real-time digital Know Your Customer (KYC) profiles, has acquired CoorpID and Blacksmith KYC from ING to develop a platform that solves the critical challenge of identification and verification of corporate and institutional clients. ING will be a stakeholder and development partner to Encompass and will use the platform in the...

EVENT

RegTech Summit London

Now in its 8th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

What the Global Legal Entity Identifier (LEI) Will Mean for Your Firm

It’s hard to believe that as early as the 2009 Group of 20 summit in Pittsburgh the industry had recognised the need for greater transparency as part of a wider package of reforms aimed at mitigating the systemic risk posed by the OTC derivatives market. That realisation ultimately led to the Dodd Frank Act, and...