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By Jean-Paul LETOMBE, Worldline Europe S.A. (Luxembourg)*
Rising costs are putting margins of financial institutions under pressure. Whether you are talking about data costs or costs related to applications ownership, needs for scalable, agile and cost-effective solutions have hardly ever been as prevailing. Despite waves of financial regulations already faced during last decade, the regulatory landscape keeps on evolving swiftly, and so do clients requirements.
Not all functions operated internally within Financial Institutions bring competitive advantage. Think of services and data related to compliance, taxation, securities issuers master file, portfolio pricing, financial sanctions, UCITS eligibility, to name a few. Now consider how...
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