Though the scale and scope of the capital markets and wholesale businesses vary substantially, all firms in these sectors are faced with fundamental challenges on three fronts: |
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- • The increasing purchasing power and sophistication of their corporate and institutional clients who have access to alternative electronic trading platforms, direct access to some markets and who continue to squeeze margins and raise the bar of service quality;
- The requirements imposed by regulators whether under Basle II and other regulatory compliances;
- The continuing pressures on investment budgets at a time when they are facing huge pressures to invest to renew very old technology platforms to keep up with the ever increasing demands from regulators and clients.
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The margins in this business have become razor thin leaving no room for hand holding our manual trade processing. Without a plan to reinvent the process factory, many firms will struggle to survive the accelerating consolidation in the sector. |
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Faced with these pressures, the larger firms have little choice but to make a commitment to fundamental business engineering of their operations and to carve out the budget necessary to reinvent themselves. They are pursuing process automation, implementing workflow technologies and understanding and integrating the underlying data structures required to implement EAI and Data warehousing software. |
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This increasing risk profile is driving many data and operational effectiveness projects across the sector.
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Hence, Futech's Risk and wealth services help Banks minimize their risks and optimize through technology. |
