About a-team Marketing Services

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: Potential and pitfalls of large language models and generative AI apps

Large language models (LLMs) and Generative AI applications are a hot topic in financial services, with vendors offering solutions, financial institutions adopting the technologies, and sceptics questioning their outcomes. That said, they are here to stay, and it may be that early adopters of Generative AI apps could gain not only operational benefits, but also...

BLOG

Derivatives Service Bureau Hits Deadline of 16 October 2023 with Go-Live of UPI Service

The Derivatives Service Bureau’s (DSB’s) Unique Product Identifier (UPI) Service went live as planned on Monday 16 October 2023, enabling firms to create and search for UPIs. UPI reporting starts in major derivatives markets in 2024, with US rules applying from 29 January 2024, the EU EMIR Refit regulations from 29 April 2024, followed by...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...