Read below Profile Software's latest articles on key industry trends and developments. You can either read the article online or download it, providing your details
The modern treasurer lives in a connected world, having to deal with real-time market information, make immediate decisions and manage a large number of banks, subsidiaries and providers. Yet, many treasury platforms may still lacking the ability to provide collaborative instantaneous work due to limited features, or to secure and centralise all financial data and flows, because of outdated technologies and slow evolution.
Keywords: Treasury Management System, 10 steps to review, Real-time management of Treasury operations, Project Management Implementation, Savings over a missed payment
The Financial services industry faces a lot of challenges in terms of regulation, compliance, and profit margins. The increasing pressure from regulators along with the need to automate processes within the organisation are best met with the use of the right software that can make operations more agile, allow easy compliance to changing regulatory requirements and ultimately offer a competitive client experience that could lead to higher margins.
Keywords: FinTech solutions, Customer experience, Mobile - Online Wealth Management Communication, Regulatory Concerns, Market Trends in Financial, Wealth Management Software, Alternative Finance Software, Digital Banking Software, Flexible Software Solutions
The past few years have seen great strides by as-a-service, cloud-based solution providers. Several industries have already shifted significantly in this direction with notable success in the areas of CRM, Training & Competence and Business Intelligence tools.
Keywords: Wealth Management Software, Cloud-based solutions, Security, CRM, Business Intelligence tools, Flexibility
The regulators have been clear in communicating the instruction that they expect best efforts to be made to comply with the fast approaching 3rd January 2018 deadline for MiFID II. Whilst an army of consultants have spent months explaining the challenges and interpreting the regulation, now is the time to move to the next phase if you have not already done so.
Keywords: MiFID II deadline, MiFID II Wealth management Software, Third-party fees, Product Governance and Sales, Best Execution and Algo Trading, Financial Advisory report generation software, Risk profiling software, Client reporting software, Client onboarding and KYC software
Much has already been written about MiFID II, but one area that has some very specific challenges is the Wealth Management industry. Whilst a great deal of the focus has inevitably been on new trading venues and the coverage of new asset classes, there has been less focus on the profound impact that MiFID II is likely to have on Wealth Managers and their customers.
Keywords: MiFID II requirements, Regulatory Requirements, Wealth Management Software, Suitability reports software
Undoubtedly the Financial Services Industry is significantly affected by the FinTech evolution. Alternative finance firms, digital and challenger banks, P2P Lending platforms as well as traditional banks adopt new technologies in order to better serve their clients.
keywords: challenger banks, digital banking software, Core banking software, Global FinTech Survey, Payment systems
An interesting read prepared by Rajiv Jaitly, Managing Partner of Jaitly LLP, in reference to the Brexit implication in the Financial Services industry.
Key words: Brexit, City of London, FCA concerns, European Asset Management, Robo-adviser, cloud-based, web-based software solutions, Opportunities
It is without a doubt that the Wealth Management domain has progressed in every sense over the past years to engulf new technologies in order to accelerate their sales objectives and comply with the regulation.
Keywords: Wealth Management Software, UK Wealth Management Firms survey results, new technologies, new trends in Wealth Management
According to the recent Capgemini and Efma’s world banking report based on a global survey of retail banking customers in 32 countries an interesting finding is that “46% of banks plan to collaborate with FinTechs, but only 13% believe their core systems can handle the technical demands of partnerships. Many in the financial services industry believe partnering with FinTechs is the best way to avoid disruption."
Keywords: FinTech trends, Digital Banking trends, Online and Digital Banks, Technology
The evolution and widespread applicability of FinTech development is a paradigm shift for the banking sector. Keeping up with its pace should be a matter of concern for every entity which is likely to be affected.
Keywords: Islamic Finance, FinTech organisations, Crowdfunding firms, Disrupting technology trends, Alternative Finance Software
Islamic finance has significantly evolved over the past decade, as this is also apparent by the number of Islamic financial institutions and the number of people preferring this way of banking.
Keywords: Islamic Banking, Islamic Finance, Alternative Finance Software
It is widely accepted that over the past few years, Islamic finance institutions and start-ups in this domain are required to provide new services and alternative options, while differentiating their service offerings.
Keywords: automated wealth management platforms, KYC capabilities, Wealth Management Software, Robo-advisors
As it is widely perceived, the result of any crisis, creates an opportunity for new business models to rise. This seems to be the alternative finance concepts that has burgeoned as a result of the difficulty of getting funded via traditional financial services channels, something like a ‘phoenix’ rising from the ashes of tight financial models.
Keywords: Crowdfunding trends, Crowdfunding software, White-labelled Solution, future-proof functionality