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

Keeping it Simple and Using Common Message Standards is Vital, Says Integration Panel

Subscribe to our newsletter

In order to reach the goal of consistency across new best of breed software and legacy systems, firms need to make sure users understand and use common message standards, said Sally Hinds, global head of enterprise data management (EDM) at HSBC. Her fellow panellists agreed that a shared format for all business applications and normalisation of system output is desirable within the data management framework.

IT and systems are constantly evolving and data management teams must take this into account in their five or 10 year plans, added Christian Arsenault, assistant vice president of IT and data management at Natcan Investment Management. “Ten years in the IT world is a very long time and the needs of business users will also change over this period of time,” he explained. Hinds added that legacy systems are, by nature, persistent and have a tendency not to go away, even though you may want them to. “It is a constant process as current systems become legacy systems in a fairly short period of time,” agreed Arsenault. Although IT systems and architecture is usually due to be changed after around every five to seven years, it often stays in place for 15 to 20, he continued. “In order to account for this, you should build in some degree of flexibility to these systems to adapt to future requirements,” he concluded.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: An Agile Approach to Investment Management Platforms for Private Markets and the Total Portfolio View

Data and operations professionals at private market institutions face significant data and analytical challenges managing private assets data. With investors clamouring for advice and analysis of private markets in their search for returns, investment managers are looking at ways to gain a more meaningful view of risk and performance across all asset types held by...

BLOG

Discover How AI, Modular Architectures, and 24/7 Markets Are Reshaping the Future of Trading Technology

Now in its 13th year, A-Team Group’s TradingTech Briefing New York returns on June 24th to convene leading technologists, strategists, and innovators from across the buy side and sell side for a focused look at how trading infrastructure is evolving to meet the demands of a rapidly changing market landscape. From AI-powered transformation in the...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...