Cloud projects are delivering immediate cost reduction, faster innovation and sometimes better than expected results, leading financial institutions to allocate almost half (48%) of their IT budget to public cloud services in 2020, up from 41% this year, according to results of recent Refinitiv research into the use of cloud technology for financial data. The key challenge is managing data privacy controls across multiple datasets in different location, while some firms are limiting use of the cloud because of regulatory concerns. The Refinitiv research is based on telephone interviews with 300 executives at buy-side and sell-side firms.
A-Team Insight Briefs
Migration of financial apps and data to the cloud is well underway as financial institutions take the opportunity to cut the cost of running systems on premise, scale as and when required, and spin up test environments quickly and inexpensively. Moving the trading technology stack to the cloud is a different and more difficult proposition....
SS&C Technologies has reached a definitive agreement to acquire certain Algorithmics’ and related assets from IBM. The addition of Algorithmics, a provider of risk analytics products and capital management solutions, will extend SS&C’s risk analytics and regulatory offering by adding over 200 clients, 350 employees and offices in 25 countries. Client types include banks, broker...
Now in its 3rd year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Welcome to A-Team Group’s best read handbook, the Regulatory Data Handbook, which is now in its seventh edition and continues to grow in terms of the number of regulations covered, the detail of each regulation and the impact that all the rules and regulations will have on data and data management at your institution. This...