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: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

STS Digital Secures $30m Strategic Investment to Scale Institutional Crypto Options Platform

STS Digital, the digital-asset derivatives trading firm and market access provider, has closed a $30 million strategic funding round led by CMT Digital, with participation from Payward (the financial infrastructure platform behind cryptocurrency exchange Kraken), Strobe Ventures, Arrington Capital, F-Prime (Fidelity) and BitRock Capital, as the firm looks to accelerate the growth of its crypto...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Complex Event Processing

Over the past couple of years, Complex Event Processing has emerged as a hot technology for the financial markets, and its flexibility has been leveraged in applications as diverse as market data cleansing, to algorithmic trading, to compliance monitoring, to risk management. CEP is a solution to many problems, which is one reason why the...