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: Unlocking Transparency in Private Markets: Data-Driven Strategies in Asset Management

As asset managers continue to increase their allocations in private assets, the demand for greater transparency, risk oversight, and operational efficiency is growing rapidly. Managing private markets data presents its own set of unique challenges due to a lack of transparency, disparate sources and lack of standardization. Without reliable access, your firm may face inefficiencies,...

BLOG

S&P Builds Private Markets-Trained AI Document Search Tool for iLevel Platform

S&P Global Market Intelligence has expanded its private markets data and technology platform iLevel with the addition of AI Document Search, a module that is built on large language models (LLMs) trained specifically to aid participants in the fast-growing alternative assets sector. The new tool enables general partners (GPs), who manage funds on behalf of...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London 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

High Performance Technologies for Trading

The highly specialised realm of high frequency trading without doubt is a great driver for a range of high performance technologies that are becoming essential tools for Wall Street. More so than the now somewhat pedestrian algorithmic trading and analytics/pricing applications that are usually cited as the reason that HPC is hitting the financial markets,...