Risk Management A Strategy for Success

Size: px
Start display at page:

Download "Risk Management A Strategy for Success"

Transcription

1 SEI Executive Connections Insights Risk Management A Strategy for Success The Opportunity of Risk Enterprise Risk Management is a critical focus of every wealth management firm. Today, business leaders are faced with multiple industry challenges that put significant risk pressure on their current business models. Risk is often equated with regulatory reform; complying with legislation such as Dodd-Frank, the Bank Secrecy Act and the Anti-Money Laundering Act is a constant challenge to wealth management firms. However, navigating a complex regulatory environment is only a piece of a firm s risk management profile. In today s world, wealth management organizations are often dealing with multiple enterprise risk focus areas. The primary goals of risk management are to support a firm s business strategy and growth by sustaining its financial strength and protecting its assets, while complying with regulation. It is critical that organizations institute formal Enterprise Risk Management (ERM) policies and procedures to enable future growth and overall business success. ERM is one of the most talked about and complex areas of wealth management business today. In this chapter of our SEI Insights series, we take a closer look at one specific area: how outsourcing and technology can play a critical role in a firm s approach to ERM. We will explore: Improving risk management through outsourcing Converting disparate data points to integrated information to more effectively run wealth management businesses Balancing increased risk management with cost pressures Increased efforts around risk management can be overwhelming and viewed as barriers to growth. But by rethinking your current business model, these perceived barriers could actually provide great opportunities. Improving risk management through outsourcing is one avenue firms should consider.

2 The Role of Outsourcing in Risk Management Given the sensitive nature of wealth management, outsourcing is not a decision that should be made lightly. Extensive due diligence is critical before partnering with an outsourcing provider, but we believe there are definite benefits to firms who are willing to make the change. As we addressed in our Legacy of Legacy Systems paper, today s wealth management firms can be managing 20 to 50 different systems and equally as many third-party vendors. Proper risk management governance requires thorough investigation and active monitoring of each of these vendors and systems. When a firm consolidates its many systems by outsourcing its operations, hosting and infrastructure to a single provider, much of the risk is reduced through a single outsourced relationship. This partnership allows a wealth management firm to leverage the provider s investment in policies, procedures and personnel devoted to ERM. A firm should explore the potential outsourcer s ERM governance, which should include extensive programs around disaster recovery and business continuity, information security, and third-party vendor management practices. So what role does technology play in ERM A New Role for Technology: Turning Disparate Data Points into Integrated Executive Information The wealth management industry is increasingly in need of better information and systemic risk management technology. The industry would greatly benefit from consolidated information to better enable business risk evaluation. Today, many firms operate on multiple legacy systems with different data sources and little integration between them; lack of integration presents very clear risks. Increased client needs, regulation, cost pressure, and new digital and mobile channels have put great demands on businesses to adapt quickly and cheaply. However, this bolted on infrastructure is catching up with the industry; eventually a breakdown most likely will occur. Risk management is a core example of an area dangerously exposed in a legacy system infrastructure. To avoid a breakdown, we believe the wealth management industry must embrace a more systemic approach to risk management. Firms will have to ensure that they can effectively collate and manage their data. As a first step, this will require relationshipbased data and a single, unified platform. A single platform provides an experience consistent across all levels of management and better, more accurate reporting. When information is housed in a single location, firms can better report on and analyze business trends throughout the organization. This is not purely nice to have. For varying interrelated reasons, regulators, shareholders, employees and clients are demanding it. Regulators, for example, will increasingly expect management teams to prove they are fully aware of their total exposure. A single platform leads to better management information. On a unified platform, CEOs, COOs, Risk and Compliance Officers, Chief Investment Officers, etc., can access real-time insights into how their business is operating and how exposed it might be. Firms can greatly improve their risk management measures by incorporating automated audit trails and embedded administrative and investment compliance reviews. Now more than ever, organizations need to have a comprehensive and coordinated governance, risk and compliance management approach. Technology can play an important role in enabling change and in finding the right balance among risk, cost and value across the enterprise. Paul van Kessel, Global IT Risk and Assurance Leader, Ernst & Young 1 1 Turning risk into results: How leading companies use risk management to fuel better performance, Ernst & Young, February 13, 2012.

3 How Business Model Reinvention Benefits Risk Management How Business Model Reinvention Benefits Risk Management Firms need to transform their business models in order to increase profit, efficiency and ability to scale. Firms need to transform their business models in order to increase profit, efficiency and ability to scale. A LEGACY BUSINESS MODEL DECREASES EFFICIENCY Regulation, multiple legacy systems, data integrity and many other factors create risk and require increasing capital allocation. Manual Process Regulation FIRM Legacy System Regulation Manual Process Regulation Legacy System Data Integrity & Access BUSINESS MODEL TRANSFORMATION CREATES A COMPETITIVE ADVANTAGE Managing risk through a single, unified platform: Allows a firm to take advantage of the provider s enterprise risk management Leverages a single data architecture, which improves client relationships, regulatory compliance and management information Helps a firm meet strategic goals and generate long-term growth FIRM SINGLE + = UNIFIED PHILOSOPHY PROCESS PLATFORM PEOPLE CONTROL CONSISTENCY CLIENT EXPERIENCE PROFITABILITY TECHNOLOGY Management Information Client Relationships Regulatory Compliance SINGLE DATA ARCHITECTURE

4 Insight from Outside Wealth Management: A Look at the Security Industry To place these observations in context, we have chosen to focus briefly on an industry where risk assessment and risk management is at the core of its value proposition: the global security industry. A major factor in the security industry s growth was its capacity to leverage technology to process and integrate information. The future strength of this industry will rest in its capacity to use technology to assess and predict risk. The security industry evolved from very basic beginnings. At first, the source for risk management was solely human intelligence. Quite literally, the industry was built on interpreting whispers. To put the scale of information available in today s world into context we just have to look at the digital world. The amount of digital content available is now estimated to be growing at over 60% every year. To cope with this explosion of information, the security industry mastered the art of efficiently collecting and archiving information. Security firms used technology to warehouse information and experts then manually assessed risk. The industry s next step was to use sophisticated data management analytic software, which enabled firms to look at vast amounts of data in aggregate to identify patterns for its clients. Analyzing trends through The Benefit of Integrated Information: A Stronger Firm A single platform outsourcing solution can promote great benefits to risk management at both the enterprise and client levels. Leveraging strong governance policies and technology that connects the front, middle and back offices will generate much tighter management reporting at executive levels. It will also give advisors a greater understanding of their end investors and improve their ability to manage and strengthen client relationships. improved technology turned into forecasting risk and even containing it. The security industry is increasingly confident that their processes of reviewing information can allow them to spot potential outbreaks of irregularity. They are not just looking at patterns of money flows, but at much broader issues such as patterns of emotional behavior. The security industry s business model reinvention provides beneficial learnings for the wealth management sector. The key insight is that the security industry embraced the many sources of information from which to make its assessment. It recognized that the digital age presented a new dimension of information-based risk management that could enable it to efficiently consolidate data and present it in a single view. Finally, the fact that the security industry is now developing a capacity to assess behavior patterns in the context of risk may actually suggest a breakthrough for the financial services industry. Learning from the activities of the security industry could help the wealth management industry to not only better understand its clients attitudes toward risk but harness data and turn it into integrated information that directly helps leaders better manage their overall business. Clients increasingly expect real-time risk indicators tailored specifically to their own profiles and goals. Research at SEI has shown investors appetite for risk is different for each pool of money and set of goals. A simplified risk assessment misses the complexity of their personal wealth. In the future, firms risk management will account for these variances.

5 Their effectiveness will rely on securely integrating client information data with market data. 2 A unified platform provides rules-based activity that allows for internal monitoring and tracking and communicates risk at the account, client and enterprise firm levels all through one user experience. In the event of an issue or risk exposure, an integrated platform has embedded workflows and automated processes to support immediate and proactive communication. By integrating processes and systems into one solution, technology helps deliver true business model change. But what about cost Cost Pressure Versus Potential Value While improved risk management is a critical objective of wealth management firms, it comes with cost implications. Business leaders are naturally worried about a negative impact to the bottom line, strain on resources supporting risk management (both financial and human) and even the limitation this focus could put on the company s ability to innovate. But is there a way to turn these perceived barriers into opportunities As we ve discussed throughout this paper, improved enterprise risk activities can benefit multiple areas of a firm s business by creating sound corporate governance and better executive information and communication. Some research suggests that better data management and reporting can increase a firm s ability to meet strategic goals while reducing earnings volatility and ultimately lead to improved profitability. 3 A report from The Conference Board even cited a study that suggested financial institutions with integrated risk management programs performed better during the 2008 recession. 4 Research done by Ernst & Young found that companies with more mature risk management practices outperform their peers financially. They found these companies generated the highest growth in revenue, EBITDA and EBITDA/EV, giving them a clear competitive advantage. 5 FIGURE 1 COMPOUND ANNUAL GROWTH RATES * BY RISK MATURITY LEVEL Revenue EBITDA EBITDA/EV 4.1% 2.5% 2.1% 16.8% 8.3% 10.6% 9.5% 7.4% 20.3% Top 20% Middle 60% Bottom 20% While there are significant costs associated with implementing and maintaining risk management practices, a fair amount of research indicates that this additional expense can result in an uptick to long-term business growth. Wealth management firms should ask themselves: Are we taking a quick-fix approach to technology or are we investing in the long term with a true business model change *2011 YTD reported as of November 18, Coping Strategies: How the wealthy investor manages risk in a risky world, SEI Private Wealth Management, May 9, Harner, Michelle, Potential Cost and Value of ERM, The Conference Board, March Harner, Michelle, Barriers to Effective Risk Management, The Conference Board, Ernst & Young, Turning Risk into Results: How Leading Companies Use Risk Management to Fuel Better Performance, February 2012.

6 1 Freedom Valley Drive P.O. Box 1100 Oaks, PA seic.com/wealthplatform Looking to the Future of Wealth Management Managing risk is complex; true success in this area requires more than stopgap measures. Regulation will continue to increase and systemic risk awareness and mitigation will become more critical to business growth. Synthesizing information will become important as part of an overall business risk assessment, not just from a regulatory compliance perspective. Without a systemic business model change enabled by innovative technology, firms will struggle. With the right business model in place, firms have a unified, networked global opportunity. More and more industry participants are seeing the new dawn. The winners will be those that embrace the advances in single platform outsourcing solutions and information management technology. Taking inspiration from the security industry evolution would be a step in the right direction. Firms that evolve their business model will win by leveraging technology advances and growing their business. They will differentiate themselves and demonstrate value to the client in the service experience and professional expertise that brought them clients in the first place. For more information, seiwealthplatform@seic.com or call toll-free to speak with a team member. To learn more about the SEI Wealth Platform, please visit seic.com/wealthplatform SEI Executive Connections is a community for bank executives and industry experts, which provides business intelligence and opportunities to interact on banking topics and trends. Information provided by SEI Investments Company, through its subsidiaries and affiliates SEI (12/13)

Optimizing government and insurance claims management with IBM Case Manager

Optimizing government and insurance claims management with IBM Case Manager Enterprise Content Management Optimizing government and insurance claims management with IBM Case Manager Apply advanced case management capabilities from IBM to help ensure successful outcomes Highlights

More information

RSA ARCHER OPERATIONAL RISK MANAGEMENT

RSA ARCHER OPERATIONAL RISK MANAGEMENT RSA ARCHER OPERATIONAL RISK MANAGEMENT 87% of organizations surveyed have seen the volume and complexity of risks increase over the past five years. Another 20% of these organizations have seen the volume

More information

Compliance Management EFFECTIVE MULTI-CUSTODIAL COMPLIANCE AND SALES SURVEILLANCE

Compliance Management EFFECTIVE MULTI-CUSTODIAL COMPLIANCE AND SALES SURVEILLANCE Compliance Management EFFECTIVE MULTI-CUSTODIAL COMPLIANCE AND SALES SURVEILLANCE Broker-dealers that have implemented best practices consistently report that they have increased confidence in their ability

More information

Table of contents. Best practices in open source governance. Managing the selection and proliferation of open source software across your enterprise

Table of contents. Best practices in open source governance. Managing the selection and proliferation of open source software across your enterprise Best practices in open source governance Managing the selection and proliferation of open source software across your enterprise Table of contents The importance of open source governance... 2 Executive

More information

Survey Report. Business strategy and technology priorities in the wealth management industry. Examination of top US wealth management firms

Survey Report. Business strategy and technology priorities in the wealth management industry. Examination of top US wealth management firms Survey Report Business strategy and technology priorities in the wealth management industry Examination of top US wealth management firms Balaji Yellavalli Infosys Ltd. Jaroslaw E. Knapik Datamonitor In

More information

Navigating to tomorrow: Serving clients and creating value PwC, Global Private Banking and Wealth Management Report 2013 PMAC Canada 26 November 2013

Navigating to tomorrow: Serving clients and creating value PwC, Global Private Banking and Wealth Management Report 2013 PMAC Canada 26 November 2013 Navigating to tomorrow: Serving clients and creating value, Global Private Banking and Wealth Management Report 2013 PMAC Canada 26 November 2013 Key themes and strategic priorities 1 2 3 Pervasive regulatory

More information

WHITE PAPER THIRD PARTY MANAGEMENT: FUNDAMENTALS

WHITE PAPER THIRD PARTY MANAGEMENT: FUNDAMENTALS THIRD PARTY MANAGEMENT: FUNDAMENTALS by Linda Tuck Chapman Sponsored by Third Party Management Fundamentals Third Party Management isn t new, but its importance is growing in every industry and the financial

More information

Unlocking the opportunity with Decision Analytics

Unlocking the opportunity with Decision Analytics Unlocking the opportunity with Decision Analytics Not so long ago, most companies could be successful by simply focusing on fundamentals: building a loyal customer base through superior products and services.

More information

Driving Business Value. A closer look at ERP consolidations and upgrades

Driving Business Value. A closer look at ERP consolidations and upgrades IT advisory SERVICES Driving Business Value A closer look at ERP consolidations and upgrades KPMG LLP Meaningful business decisions that help accomplish business goals and growth objectives may call for

More information

Capgemini BizLender 360 An Integrated Straight Through Processing Solution for Business Lending Origination

Capgemini BizLender 360 An Integrated Straight Through Processing Solution for Business Lending Origination In Collaboration with SM Capgemini BizLender 360 An Integrated Straight Through Processing Solution for Business Lending Origination Using technology and expertise to boost efficiency, enhance decision

More information

DATA AND ANALYTICS A NEW TOOLKIT FOR ASSET MANAGERS. The asset management industry has. had strong growth in recent years, with

DATA AND ANALYTICS A NEW TOOLKIT FOR ASSET MANAGERS. The asset management industry has. had strong growth in recent years, with DATA AND ANALYTICS DATA & ANALYTICS A NEW TOOLKIT FOR ASSET MANAGERS The asset management industry has had strong growth in recent years, with total assets under management surging back toward pre-crisis

More information

Transforming risk management into a competitive advantage kpmg.com

Transforming risk management into a competitive advantage kpmg.com INSURANCE RISK MANAGEMENT ADVISORY SOLUTIONS Transforming risk management into a competitive advantage kpmg.com 2 Transforming risk management into a competitive advantage Assessing risk. Building value.

More information

Strategies for competing in the digital age

Strategies for competing in the digital age whitepaper Strategies for competing in the digital age Six key trends transforming asset management Digitization is rewriting the rules of competition in asset management. Given the speed at which technology

More information

An Oracle White Paper November 2011. Financial Crime and Compliance Management: Convergence of Compliance Risk and Financial Crime

An Oracle White Paper November 2011. Financial Crime and Compliance Management: Convergence of Compliance Risk and Financial Crime An Oracle White Paper November 2011 Financial Crime and Compliance Management: Convergence of Compliance Risk and Financial Crime Disclaimer The following is intended to outline our general product direction.

More information

Improving Financial Advisor Productivity through Automation

Improving Financial Advisor Productivity through Automation Wealth Managment the way we see it Improving Financial Advisor Productivity through Automation How wealth management firms are embracing change by developing next generation advisor platforms Contents

More information

Capital Markets Report

Capital Markets Report Accenture 2014 High Performance Finance Study Capital Markets Report GROWTH REALIGNMENT INTEGRATION INTRODUCTION Capital markets institutions have been hit hard by the financial crisis, and face the challenge

More information

Solutions Portfolio Management & Trading

Solutions Portfolio Management & Trading Solutions Portfolio Management & Trading End-to-End Processing and Communications Leveraging More Than 2,500 Interfaces Allow You to Deliver Your Best to Your Investors Solutions As the wealth management

More information

Sarbanes-Oxley: Beyond. Using compliance requirements to boost business performance. An RIS White Paper Sponsored by:

Sarbanes-Oxley: Beyond. Using compliance requirements to boost business performance. An RIS White Paper Sponsored by: Beyond Sarbanes-Oxley: Using compliance requirements to boost business performance The business regulatory environment in the United States has changed. Public companies have new obligations to report

More information

The Future of Investment Compliance for Asset Owners: The Next Great Transformation

The Future of Investment Compliance for Asset Owners: The Next Great Transformation The Future of Investment Compliance for Asset Owners: The Next Great Transformation By: State Street Global Services Performance Services December 2014 STATE STREET CORPORATION 1 Contents Introduction

More information

REGULATORY COMPLIANCE. Dynamic Solutions. Superior Results.

REGULATORY COMPLIANCE. Dynamic Solutions. Superior Results. REGULATORY COMPLIANCE Dynamic Solutions. Superior Results. STREAMLINE, STRENGTHEN AND SIMPLIFY YOUR COMPLIANCE EFFORTS CSI S AUTOMATED, DYNAMIC SOLUTIONS MITIGATE RISK, DECREASE COSTS AND IMPROVE COMPLIANCE

More information

Effective risk management

Effective risk management Effective risk management Our holistic and disciplined risk management program is designed to mitigate risks at all levels of our business in order to protect our clients interests. 2 Vanguard > Effective

More information

8 Crucial Requirements for Supply Chain Optimization

8 Crucial Requirements for Supply Chain Optimization 8 Crucial Requirements for Supply Chain Optimization Introduction In today s world, businesses expect their trading partners to have full insight and control of their from end to end. For manufacturers

More information

wealth management Insights on... P o r t r a i t o f t h e F a m i l y O f f i c e Offices that Serve Families with Exceptional Wealth

wealth management Insights on... P o r t r a i t o f t h e F a m i l y O f f i c e Offices that Serve Families with Exceptional Wealth Insights on... wealth management P o r t r a i t o f t h e F a m i l y O f f i c e Offices that Serve Families with Exceptional Wealth In 1889, Byron Laflin Smith a respected banker in Chicago, Illinois

More information

Unlocking Value in Source-to-Pay. Customer Success. Realize Customer Success through Transformation and Cloud Software. Cloud Software.

Unlocking Value in Source-to-Pay. Customer Success. Realize Customer Success through Transformation and Cloud Software. Cloud Software. Implementations Advisory Analytics Customer Success Cloud Software Transformation Unlocking Value in Source-to-Pay Realize Customer Success through Transformation and Cloud Software 2 What s Trending in

More information

At the Heart of Improved Business Dexterity

At the Heart of Improved Business Dexterity At the Heart of Improved Business Dexterity Be Nimble, Be Quick: Driving Agility in Insurance Abstract The insurance landscape is evolving rapidly and is fraught with challenges. Insurance providers are

More information

Oracle Financial Services Broker Compliance

Oracle Financial Services Broker Compliance Oracle Financial Services Broker Compliance Financial institutions with retail, wealth management, and private banking businesses recognize the direct relationship between rigorous compliance processes

More information

Blind spot Banks are increasingly outsourcing more activities to third parties. But they can t outsource the risks.

Blind spot Banks are increasingly outsourcing more activities to third parties. But they can t outsource the risks. Blind spot Banks are increasingly outsourcing more activities to third parties. But they can t outsource the risks. For anyone familiar with the banking industry, it comes as no surprise that banks are

More information

Turning disruption to advantage

Turning disruption to advantage www.pwc.ie/insurance Turning disruption to advantage 85% are confident about growth < Page 1 > 72% see more opportunities than threats < Page 4 > 87% believe regulation is the greatest industry disruptor

More information

PATPATIA & ASSOCIATES, INC. The Advice-Embedded Paradigm: New Wealth Management Solutions

PATPATIA & ASSOCIATES, INC. The Advice-Embedded Paradigm: New Wealth Management Solutions PATPATIA & ASSOCIATES, INC. The Advice-Embedded Paradigm: New Wealth Management Solutions PATPATIA & ASSOCIATES, INC. The Changing Wealth Management Paradigm The wealth management marketplace has changed

More information

Accenture Technology Consulting. Clearing the Path for Business Growth

Accenture Technology Consulting. Clearing the Path for Business Growth Accenture Technology Consulting Clearing the Path for Business Growth Mega technology waves are impacting and shaping organizations in a profound way When a company s executive management team considers

More information

Big Data Solutions Ease Financial Services Compliance and Reporting

Big Data Solutions Ease Financial Services Compliance and Reporting Big Data Solutions Ease Financial Services Compliance and Reporting Real-time data collection and analysis helps ensure compliance and uncover new business opportunities. THINK SMART. ACT FAST. FLEX YOUR

More information

VMware Cloud Automation Technology Consulting Services

VMware Cloud Automation Technology Consulting Services VMware Cloud Automation Technology Consulting Services VMware Professional Services Unlocks IT Agility through Cloud Automation The biggest hurdle [that CIOs face as they move infrastructure and applications

More information

Services for the CFO Financial Management Consulting

Services for the CFO Financial Management Consulting IBM Global Business Services Services for the CFO Financial Management Consulting Financial Management Chief financial officers (CFOs) are currently in a highly visible, highly influential position. They

More information

GET MORE VALUE FROM DATA

GET MORE VALUE FROM DATA HOW FINANCIAL SERVICES FIRMS USE TECHNOLOGY TO TURN DATA INTO ACTIONABLE INSIGHT GET MORE VALUE FROM DATA Data capitalization helps firms extract more value from data and technology to gain five critical

More information

Accounts Payable Optimization in Today s Healthcare Environment

Accounts Payable Optimization in Today s Healthcare Environment 2009 Accounts Payable Optimization in Today s Healthcare Environment A GHX White Paper for Hospital Financial Executives In today s tumultuous economic and political environment, healthcare providers increasingly

More information

Asset Management Portfolio Solutions Disciplined Process. Customized Approach. Risk-Based Strategies.

Asset Management Portfolio Solutions Disciplined Process. Customized Approach. Risk-Based Strategies. INSTITUTIONAL TRUST & CUSTODY Asset Management Portfolio Solutions Disciplined Process. Customized Approach. Risk-Based Strategies. As one of the fastest growing investment managers in the nation, U.S.

More information

Capgemini BizLender 360 SM An Integrated Straight Through Processing Solution for Business Lending Origination

Capgemini BizLender 360 SM An Integrated Straight Through Processing Solution for Business Lending Origination Capgemini BizLender 360 SM An Integrated Straight Through Processing Solution for Business Lending Origination Using technology and expertise to boost efficiency, enhance decision making, improve compliance,

More information

Document Production and Fulfillment: In-house vs. Outsource

Document Production and Fulfillment: In-house vs. Outsource White Paper The Business Case for Outsourcing: The cost and marketing benefits of outsourcing document production and fulfillment for biller organizations Document Production and Fulfillment: In-house

More information

Customer effectiveness

Customer effectiveness www.pwc.com/sap Customer effectiveness PwC SAP Consulting Services Advance your ability to win, keep and deepen relationships with your customers. Are your customers satisfied? How do you know? Five leading

More information

Wealth management offerings for sustainable profitability and enhanced client centricity

Wealth management offerings for sustainable profitability and enhanced client centricity Wealth the way we do it Wealth management offerings for sustainable profitability and enhanced client centricity The wealth management business is transforming. To delight their clients, firms must adopt

More information

An Oracle White Paper October 2009. An Integrated Approach to Fighting Financial Crime: Leveraging Investments in AML and Fraud Solutions

An Oracle White Paper October 2009. An Integrated Approach to Fighting Financial Crime: Leveraging Investments in AML and Fraud Solutions An Oracle White Paper October 2009 An Integrated Approach to Fighting Financial Crime: Leveraging Investments in AML and Fraud Solutions Executive Overview Today s complex financial crime schemes pose

More information

Sage Business Intelligence

Sage Business Intelligence Sage Business Intelligence Leveraging Technology to Automate the Consolidation of Companies in a Multi-Company Accounting Environment Shifting your focus from working in the data to working with the information

More information

Symantec Global Intelligence Network 2.0 Architecture: Staying Ahead of the Evolving Threat Landscape

Symantec Global Intelligence Network 2.0 Architecture: Staying Ahead of the Evolving Threat Landscape WHITE PAPER: SYMANTEC GLOBAL INTELLIGENCE NETWORK 2.0.... ARCHITECTURE.................................... Symantec Global Intelligence Network 2.0 Architecture: Staying Ahead of the Evolving Threat Who

More information

Professional Services for Cloud Management Solutions

Professional Services for Cloud Management Solutions Professional Services for Cloud Management Solutions Accelerating Your Cloud Management Capabilities CEOs need people both internal staff and thirdparty providers who can help them think through their

More information

The New World of Wealth Management: Structuring Your Business for Competitive Advantage

The New World of Wealth Management: Structuring Your Business for Competitive Advantage The New World of Wealth Management: Structuring Your Business for Competitive Advantage Wherever your company is on the wealth management supply chain advisory services provider, product distributor, manufacturer,

More information

Banking on Business Intelligence (BI)

Banking on Business Intelligence (BI) Banking on Business Intelligence (BI) Building a business case for the Kenyan Banking Sector The new banking environment in Kenya is all about differentiating banking products, increased choices, security

More information

Quick Poll: Technology Vital to Addressing Wealth Managers Concerns

Quick Poll: Technology Vital to Addressing Wealth Managers Concerns OpenWealth Quick Poll: Technology Vital to Addressing Wealth Managers Concerns Transaction Services Quick Poll: Technology Vital to Addressing Wealth Managers Concerns 3 Quick Poll: Technology Vital to

More information

Can CA Information Governance help us protect and manage our information throughout its life cycle and reduce our risk exposure?

Can CA Information Governance help us protect and manage our information throughout its life cycle and reduce our risk exposure? SOLUTION BRIEF: CA INFORMATION GOVERNANCE Can CA Information Governance help us protect and manage our information throughout its life cycle and reduce our risk exposure? CA Information Governance delivers

More information

Retirement Connections: A Professionally Managed Solution

Retirement Connections: A Professionally Managed Solution Retirement Connections: A Professionally Managed Solution Expand your practice and build loyalty with an easy-to-use retirement plan for your small business clients For Financial Advisor use only. Not

More information

Beyond risk identification Evolving provider ERM programs

Beyond risk identification Evolving provider ERM programs Beyond risk identification Evolving provider ERM programs March 2016 At a glance PwC conducted research to assess the state of enterprise risk management (ERM) within healthcare providers and found many

More information

Integrating SAP and non-sap data for comprehensive Business Intelligence

Integrating SAP and non-sap data for comprehensive Business Intelligence WHITE PAPER Integrating SAP and non-sap data for comprehensive Business Intelligence www.barc.de/en Business Application Research Center 2 Integrating SAP and non-sap data Authors Timm Grosser Senior Analyst

More information

InforCloudSuite Industrial

InforCloudSuite Industrial InforCloudSuite Industrial Industry Suite Handbook Overview What if... You could quickly and easily take steps to embrace speed and agility, while reducing IT upgrade and maintenance costs within your

More information

BUSINESS INTELLIGENCE: IT'S TIME TO TAKE PRIVATE EQUITY TO THE NEXT LEVEL. by John Stiffler

BUSINESS INTELLIGENCE: IT'S TIME TO TAKE PRIVATE EQUITY TO THE NEXT LEVEL. by John Stiffler IT'S TIME TO TAKE PRIVATE EQUITY TO by John Stiffler In a challenging economic environment, portfolio management has taken on greater importance. Private equity firms must look at every possible avenue

More information

The IBM data governance blueprint: Leveraging best practices and proven technologies

The IBM data governance blueprint: Leveraging best practices and proven technologies May 2007 The IBM data governance blueprint: Leveraging best practices and proven technologies Page 2 Introduction In the past few years, dozens of high-profile incidents involving process failures and

More information

The heart of your business*

The heart of your business* Advisory services Technology The heart of your business* Advance your ability to win, keep and deepen relationships with your customers Customer Effectiveness *connectedthinking Are your customers satisfied?

More information

THE UH OH MOMENT. Financial Services Enterprises Focus on Governance, Transparency and Supply Chain Risk

THE UH OH MOMENT. Financial Services Enterprises Focus on Governance, Transparency and Supply Chain Risk THE UH OH MOMENT Financial Services Enterprises Focus on Governance, Transparency and Supply Chain Risk By Lois Coatney, Chuck Walker and Joseph Yacura, ISG Directors www.isg-one.com INTRODUCTION A top

More information

Committed to Exceptional Portfolio Management

Committed to Exceptional Portfolio Management The NEI Investments Portfolio Manager Selection and Monitoring : Committed to Exceptional Portfolio Management MUTUAL FUNDS DONE DIFFERENTLY..888.809. NEIinvestments.com @NEIinvestments MUTUAL FUNDS DONE

More information

As an investment manager, you need. to efficiently run back- and middle-office. operations so you can concentrate on your

As an investment manager, you need. to efficiently run back- and middle-office. operations so you can concentrate on your O P E R A T I O N A L A N D C O S T E F F I C I E N C I E S F O R A C O M P E T I T I V E E D G E I n v e s t m e n t O p e r a t i o n s O u t s o u r c i n g F O C U S O N Y O U R C O R E S T R E N G

More information

An Enterprise Resource Planning Solution for Mill Products Companies

An Enterprise Resource Planning Solution for Mill Products Companies SAP Thought Leadership Paper Mill Products An Enterprise Resource Planning Solution for Mill Products Companies Driving Operational Excellence and Profitable Growth Table of Contents 4 What It Takes to

More information

WITH AGILE TECHNOLOGY

WITH AGILE TECHNOLOGY FUTURE-PROOF BANKING STRATEGIES Technology Transformation STARTS NOW Banks now better understand the strategic nature of their core systems and are ready to embark on critical technology projects to support

More information

Strategic Planning. Key Initiative Overview

Strategic Planning. Key Initiative Overview David Aron Research Vice President This overview provides a high-level description of the Strategic Planning Key Initiative. IT leaders can use it to create strategies that help the business win, and change

More information

Outsourcing options for your investment program

Outsourcing options for your investment program Fiduciary solutions for HOSPITALS AND HEALTHCARE SYSTEMS Outsourcing options for your investment program INVESTED. TOGETHER. Managing complexity Hospitals and healthcare systems face some of the most complex

More information

HR Function Optimization

HR Function Optimization HR Function Optimization People & Change Advisory Services kpmg.com/in Unlocking the value of human capital Human Resources function is now recognized as a strategic enabler, aimed at delivering sustainable

More information

Advisors Turn to ETF Managers. Growing Assets and Increasing Client Value

Advisors Turn to ETF Managers. Growing Assets and Increasing Client Value Advisors Turn to ETF Managers Growing Assets and Increasing Client Value Advisor partnerships with ETF managers are on the rise ishares has tracked an increased number of advisors partnering with ETF managers.

More information

2015 GLOBAL ASSET MANAGEMENT SURVEY

2015 GLOBAL ASSET MANAGEMENT SURVEY 2015 GLOBAL ASSET MANAGEMENT SURVEY It's not what happens to you, but how you react to it that matters." -Epictetus A survey carried out globally by Linedata. INTRODUCTION It's not what happens to you,

More information

Product. Common Origination Platform TM Automated Loan Origination Processing and Intelligent Business-Rules Management in One Unique System

Product. Common Origination Platform TM Automated Loan Origination Processing and Intelligent Business-Rules Management in One Unique System Product Common Origination Platform TM Automated Loan Origination Processing and Intelligent Business-Rules Management in One Unique System Product Common Origination Platform TM from Fiserv, a single-platform

More information

How To Manage Risk With Sas

How To Manage Risk With Sas SOLUTION OVERVIEW SAS Solutions for Enterprise Risk Management A holistic view of risk of risk and exposures for better risk management Overview The principal goal of any financial institution is to generate

More information

Next-Generation Building Energy Management Systems

Next-Generation Building Energy Management Systems WHITE PAPER Next-Generation Building Energy Management Systems New Opportunities and Experiences Enabled by Intelligent Equipment Published 2Q 2015 Sponsored By Daikin Applied and Intel Casey Talon Senior

More information

CDW PARTNER REVIEW GUIDE SOFTWARE LICENSE MANAGEMENT

CDW PARTNER REVIEW GUIDE SOFTWARE LICENSE MANAGEMENT CDW PARTNER REVIEW GUIDE SOFTWARE LICENSE MANAGEMENT UNDERSTANDING THE COMPLICATIONS OF SOFTWARE LICENSE MANAGEMENT When it comes to an organization s total budget, the largest piece of the pie goes to

More information

Veramark White Paper: Reducing Telecom Costs Why Invoice Management is the Best Place to Start. WhitePaper. We innovate. You benefit.

Veramark White Paper: Reducing Telecom Costs Why Invoice Management is the Best Place to Start. WhitePaper. We innovate. You benefit. Veramark White Paper: Reducing Telecom Costs Why Invoice Management is the Best Place to Start WhitePaper We innovate. You benefit. Veramark White Paper: Reducing Telecom Costs Why Invoice Management is

More information

Harness Enterprise Risks With Oracle Governance, Risk and Compliance

Harness Enterprise Risks With Oracle Governance, Risk and Compliance Hardware and Software Engineered to Work Together Harness Enterprise Risks With Oracle Governance, Risk and Compliance Is the plethora of financial, operational and regulatory policies and mandates overwhelming

More information

White Paper Achieving GLBA Compliance through Security Information Management. White Paper / GLBA

White Paper Achieving GLBA Compliance through Security Information Management. White Paper / GLBA White Paper Achieving GLBA Compliance through Security Information Management White Paper / GLBA Contents Executive Summary... 1 Introduction: Brief Overview of GLBA... 1 The GLBA Challenge: Securing Financial

More information

How To Improve Your Business

How To Improve Your Business IT Risk Management Life Cycle and enabling it with GRC Technology 21 March 2013 Overview IT Risk management lifecycle What does technology enablement mean? Industry perspective Business drivers Trends

More information

Breaking with Tradition in the Insurance Industry: Strategies to Insure Operational Efficiency and Future Growth

Breaking with Tradition in the Insurance Industry: Strategies to Insure Operational Efficiency and Future Growth Breaking with Tradition in the Insurance Industry: Strategies to Insure Operational Efficiency and Future Growth An Executive Perspective Authored by Deb Miller 1 Business process SOLUTIONS EXEcutive Perspective

More information

We do what we say we will do.

We do what we say we will do. We do what we say we will do. Investor Presentation November 2012 1 Forward-Looking Statements Certain statements in this document are forward-looking statements, which reflect management s current beliefs

More information

1 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

1 Copyright 2011, Oracle and/or its affiliates. All rights reserved. 1 Copyright 2011, Oracle and/or its affiliates. All rights Challenges in Implementing the Financial Action Task Force (FATF) recommendations on Risk Based Approach by R. Suresha CAMS 2 Copyright 2011,

More information

How To Transform It Risk Management

How To Transform It Risk Management The transformation of IT Risk Management kpmg.com The transformation of IT Risk Management The role of IT Risk Management Scope of IT risk management Examples of IT risk areas of focus How KPMG can help

More information

We do what we say we will do.

We do what we say we will do. We do what we say we will do. Investor Presentation 1 November 2013 Forward-Looking Statements Certain statements in this document are forward-looking statements, which reflect management s current beliefs

More information

Accenture Risk Management. Industry Report. Life Sciences

Accenture Risk Management. Industry Report. Life Sciences Accenture Risk Management Industry Report Life Sciences Risk management as a source of competitive advantage and high performance in the life sciences industry Risk management that enables long-term competitive

More information

SOLUTIONS FOR RETIREMENT SERVICES

SOLUTIONS FOR RETIREMENT SERVICES SOLUTIONS FOR RETIREMENT SERVICES ONBOARDING RISK & COMPLIANCE OPERATIONS & IT PARTICIPANT SERVICES PLAN SPONSOR & ADVISOR SERVICES REPORTING TRADING DOCUMENT PREPARATION DISBURSEMENTS DATA AGGREGATION

More information

6 Uncommon Ways to Create Breakthrough Value With Email Management Within and Beyond the Contact Center

6 Uncommon Ways to Create Breakthrough Value With Email Management Within and Beyond the Contact Center An egain White Paper 6 Uncommon Ways to Create Breakthrough Value With Email Management Within and Beyond the Contact Center 2015 egain Corporation. All rights reserved. Email is firmly established as

More information

The 5 Questions You Need to Ask Before Selecting a Business Intelligence Vendor. www.halobi.com. Share With Us!

The 5 Questions You Need to Ask Before Selecting a Business Intelligence Vendor. www.halobi.com. Share With Us! The 5 Questions You Need to Ask Before Selecting a Business Intelligence Vendor www.halobi.com Share With Us! Overview Over the last decade, Business Intelligence (BI) has been at or near the top of the

More information

For healthcare, change is in the air and in the cloud

For healthcare, change is in the air and in the cloud IBM Software Healthcare Thought Leadership White Paper For healthcare, change is in the air and in the cloud Scalable and secure private cloud solutions can meet the challenges of healthcare transformation

More information

FFIEC Cybersecurity Assessment Tool

FFIEC Cybersecurity Assessment Tool Overview In light of the increasing volume and sophistication of cyber threats, the Federal Financial Institutions Examination Council 1 (FFIEC) developed the Cybersecurity Tool (), on behalf of its members,

More information

An Enterprise Resource Planning Solution (ERP) for Mining Companies Driving Operational Excellence and Sustainable Growth

An Enterprise Resource Planning Solution (ERP) for Mining Companies Driving Operational Excellence and Sustainable Growth SAP for Mining Solutions An Enterprise Resource Planning Solution (ERP) for Mining Companies Driving Operational Excellence and Sustainable Growth 2013 SAP AG or an SAP affi iate company. All rights reserved.

More information

Operations Excellence in Professional Services Firms

Operations Excellence in Professional Services Firms Operations Excellence in Professional Services Firms Published by KENNEDY KENNEDY Consulting Research Consulting Research & Advisory & Advisory Sponsored by Table of Contents Introduction... 3 Market Challenges

More information

Nonprofits Focus on a More Robust Investment Oversight Process

Nonprofits Focus on a More Robust Investment Oversight Process Survey: Nonprofit Investment Challenges 2014 Nonprofits Focus on a More Robust Investment Oversight Process SEI s Nonprofit Management Research Panel recently completed a survey of executives and Investment

More information

IT Audit Perspective on Continuous Auditing/ Continuous Monitoring KPMG LLP

IT Audit Perspective on Continuous Auditing/ Continuous Monitoring KPMG LLP IT Audit Perspective on Continuous Auditing/ Continuous Monitoring KPMG LLP IT Audit Perspective on Continuous Auditing/Continuous Monitoring INTRODUCTION New demands from the board, senior organizational

More information

STRATEGIES FOR ADAPTING AND REMODELING ACTIVITIES IN ROMANIAN INSURANCE COMPANIES

STRATEGIES FOR ADAPTING AND REMODELING ACTIVITIES IN ROMANIAN INSURANCE COMPANIES DIANA MIRUNA HANCU STRATEGIES FOR ADAPTING AND REMODELING ACTIVITIES IN ROMANIAN INSURANCE COMPANIES Ph.D. Thesis - SUMMARY - Ph.D. Coordinators: Prof. Dan CÂNDEA, Ph.D. Prof. Dumitru MATIŞ, Ph.D. 2009

More information

www.pwchk.com Inspiration for what is possible Inspiring new possibilities for your business with PwC and Oracle

www.pwchk.com Inspiration for what is possible Inspiring new possibilities for your business with PwC and Oracle www.pwchk.com Inspiration for what is possible Inspiring new possibilities for your business with PwC and Oracle Oracle Business Applications Practice Overview December 2013 Inspiring new possibilities

More information

Remarks by. Carolyn G. DuChene Deputy Comptroller Operational Risk. at the

Remarks by. Carolyn G. DuChene Deputy Comptroller Operational Risk. at the Remarks by Carolyn G. DuChene Deputy Comptroller Operational Risk at the Bank Safety and Soundness Advisor Community Bank Enterprise Risk Management Seminar Washington, D.C. October 22, 2012 Good afternoon,

More information

SEI Executive Connections Insights Can Segmentation Lead to Sustainable Profits?

SEI Executive Connections Insights Can Segmentation Lead to Sustainable Profits? SEI Executive Connections Insights Can Segmentation Lead to Sustainable Profits? The Problem with Segmentation in Wealth anagement: One Size Never Fits All istorically, private banks have focused their

More information

Trends in Managed Services in Tax Administration

Trends in Managed Services in Tax Administration Experience the commitment issue PAPeR Trends in Managed Services in Tax Administration This issue paper reviews the findings of a joint survey by CGI and the Federation of Tax Administrators asking senior

More information

Examining the Dangers of Complexity in Network Security Environments AlgoSec Survey Insights

Examining the Dangers of Complexity in Network Security Environments AlgoSec Survey Insights Examining the Dangers of Complexity in Network Security Environments AlgoSec Survey Insights Copyright 2012, AlgoSec Inc. All rights reserved Executive Summary An online survey of 127 IT security professionals,

More information

Marketers & Social Media Monitoring Survey 2011

Marketers & Social Media Monitoring Survey 2011 Marketers & Social Media Monitoring Survey 2011 RSW/US & Web Liquid Survey Conducted May/June 2011 Version 1 27 July 2011 From: Web Liquid RSW/US 2368 Victory Parkway Suite 120 Cincinnati, OH 11201 45206

More information

Enterprise Risk Management

Enterprise Risk Management Enterprise Risk Management Enterprise Risk Management Understand and manage your enterprise risk to strike the optimal dynamic balance between minimizing exposures and maximizing opportunities. Today s

More information

Investing in Success Pega Solutions for Financial Service Institutions

Investing in Success Pega Solutions for Financial Service Institutions Investing in Success Pega Solutions for Financial Service Institutions Join many of the industry s largest and most influential financial services institutions including HSBC, JP Morgan Chase, Lloyds Banking

More information

Life insurance and annuity distribution in a digital world: four strategic shifts

Life insurance and annuity distribution in a digital world: four strategic shifts Life insurance and annuity distribution in a digital world: four strategic shifts The impact of digital technologies on insurance products, customer expectations and distribution networks is driving rapidly

More information

Why Change Your Job Scheduler? Today s business environments demand event-driven, enterprise-wide job scheduling unsupportable by legacy tools.

Why Change Your Job Scheduler? Today s business environments demand event-driven, enterprise-wide job scheduling unsupportable by legacy tools. Why Change Your Job Scheduler? Today s business environments demand event-driven, enterprise-wide job scheduling unsupportable by legacy tools. Job scheduling tools are automation workhorses that enable

More information

Sourcing Gets Smart. Revamping Strategies, Rethinking Technology. April 2012 Madeline Laurano

Sourcing Gets Smart. Revamping Strategies, Rethinking Technology. April 2012 Madeline Laurano Sourcing Gets Smart Revamping Strategies, Rethinking Technology April 2012 Madeline Laurano Sourcing Gets Smart: Revamping Strategies, Rethinking Technology Sourcing is the foundation of any successful

More information