Straight Through Processing for Financial Services

Straight Through Processing for Financial Services
Author: Ayesha Khanna
Publsiher: Academic Press
Total Pages: 264
Release: 2010-08-03
Genre: Business & Economics
ISBN: 9780080554846

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As economic and regulatory pressures drive financial institutions to seek efficiency gains by improving the quality of their trading processes and systems, firms are devoting increasing amounts of capital to maintaining their competitive edge. Straight-Through Processing (STP), which automates every step in the trading system, is the most effective way for firms to remain competitive. According to the Securities Industry Association, the US securities industry will spend $8 billion to implement STP initiatives, and 99% percent of this investment will be made in systems internal to the firm. Straight-Through Processing for Financial Services: The Complete Guide provides the knowledge and tools required by operations managers and systems architects to develop and implement STP processing systems that streamline business processes to maintain competitiveness in the market. * Learn the tools and techniques for developing software systems and for streamlining business processes * Keep up to date and well informed in this highly regulated and ever changing market * Gain the knowledge and experience for a leading consultant in the field

Handbook of Technology in Financial Services

Handbook of Technology in Financial Services
Author: Jessica Keyes
Publsiher: CRC Press
Total Pages: 752
Release: 1998-12-18
Genre: Computers
ISBN: 0849399815

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The calculus of IT support for the banking, securities and insurance industries has changed dramatically and rapidly over the past few years. Unheard of just a few years ago, corporate intranets are now used for everything from job postings to enhanced team communications. Whole new departments are being created to support e-commerce. And the Internet/Intranet/Extranet triple-whammy is the most critical component of most financial IT shops. At the same time, new intelligent agents stand ready to take on such diverse functions as customer profiling and data mining. Get a handle on all these new and newer ripples with Handbook of Technology in Financial Services. Here, in this exhaustive new guide and reference book, industry guru Jessica Keyes gives you the no-nonsense scoop on not just the tried and true IT tools of today, but also the up-and-coming "hot" technologies of tomorrow, and how to plan for them. Keyes gives you extensive, example-driven explanations of such topics as: digital check imaging and Internet-based billing e-commerce and Internet banking portfolio management systems for the 21st century GIS technology in financial services and much more. Focusing on problems from both a technology perspective and a business perspective, the Handbook also addresses challenges and solutions associated with: supporting the self-service revolution by servicing kiosks and ATMs efficiently and economically straight-through processing for the securities industry outsourcing business communications in the insurance industry distributed integration as a cost-effective alternative to data warehousing and putting inbound fax automation to work in financial organizations. Packed with real-world case-studies and practical solutions to problems confronting financial services IT managers every day of the week, Handbook of Technology in Financial Services covers everything from system security to IT support for the Web marketing of financial services. In short, it is a compendium of essential information no professional can afford to be without.

Financial Services Information Systems

Financial Services Information Systems
Author: Jessica Keyes
Publsiher: CRC Press
Total Pages: 952
Release: 2000-03-24
Genre: Computers
ISBN: 9781135482534

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The calculus of IT support for the banking, securities, and insurance industries has changed dramatically and rapidly over the past few years. Consolidation and deregulation are creating opportunities and challenges never before seen. Unheard of just a few years ago, e-commerce has given birth to new infrastructures and departments needed to support them. And the Internet/Intranet/Extranet triple-whammy is the most critical component of most financial IT shops. At the same time, new intelligent agents stand ready to take on such diverse functions as customer profiling and data mining. Get a handle on all these new and newer ripples with Financial Services Information Systems. Here, in this exhaustive new guide and reference book, industry guru Jessica Keyes gives you the no-nonsense scoop on not just the tried and true IT tools of today, but also the up-and-coming "hot" technologies of tomorrow, and how to plan for them. Financial Services Information Systems addresses challenges and solutions associated with: supporting the self-service revolution by servicing kiosks and ATMs efficiently and economically, straight-through processing for the securities industry, outsourcing business communications in the insurance industry, distributed integration as a cost-effective alternative to data warehousing, and putting inbound fax automation to work in financial organizations.

The Art of Better Retail Banking

The Art of Better Retail Banking
Author: Hugh Croxford,Frank Abramson,Alex Jablonowski
Publsiher: John Wiley & Sons
Total Pages: 302
Release: 2005-08-05
Genre: Business & Economics
ISBN: 9780470014813

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"This new book on retail banking is both readable and innovative. Its analysis is unusually accessible in its style, and the book's conclusions and predictions will be rightly thought provoking. The customer is gaining real power and this new book's insights on the importance of leadership, the need to unleash creativity and to make a bank's IT and people resource work together more effectively for customer satisfaction are important pointers to the shape of future competitive differentiation." --Sir Mervyn Pedelty, Recently retired Chief Executive, The Co-operative Bank plc, smile, CIS and Co-operative Financial Services "A stimulating read. A readable and lively book that is always informative, sometimes controversial and invariably challenging. The authors don't expect readers to agree with it all, but the readers will undoubtedly gain some fresh insights and perspectives on the multiple issues facing management in a rapidly changing industry." --Chris Lendrum CBE, Recently retired Vice Chairman, Barclays Bank "This book is clear enough for the layman and thorough enough for any banker to obtain an excellent sense of the options for successful strategies for their retail businesses. The challenges of technology introduction, cost of production and scope of service are driving banks into responses increasingly similar to other industry sectors. These forces have been apparent for some years but are so evident now they can no longer be ignored. This book provides an excellent guide to mapping that future." --Joseph DeFeo, CEO, CLS Bank. "This is a useful guide to retail banking that provides a thought-provoking view on the state of The Art (of Better Retail Banking). Clearly retail banking can get better, and must! To steal an analogy from the conclusion, there is a sea change going on - consumers are looking more and more for greater simplicity and value, and so many banks are still making such heavy weather of it. This book does a good job of charting the current developments." -- Lindsay Sinclair, CEO, ING Direct UK. "A whistle-stop tour of all aspects of retail banking. This is a very readable and insightful real world mix of theory, strategy, tactics and practice. They have even managed to make banking sound exciting. But mostly they have been able to cut through the complexity to remind us all that success in retail banking is not just about finance and efficiency - it is about customers and staff, who are all too often forgotten about." --Craig Shannon, Executive Director - Marketing, Co-operative Financial Services. "The authors live up to their promise of providing managers and students with a clear exposition of the retail banking sector and how banks can confront the challenging future they face. This book is a practical manual with lots of useful advice. I was looking for new insights in this book - and I found them!" --Professor Adrian Payne, Professor of Services Marketing, Director, Centre for Services Management, Cranfield School of Management. "A key determinant of any organisation's success will be an enhanced understanding of 'value' as defined by customers, employees, shareholders and other stakeholders. Value can mean different things to these different groups, and this book has set itself the objective of identifying the approaches that will improve the value proposition for all of these interested parties. It achieves this objective." --Professor Steve Worthington, Faculty of Business and Economics, Monash University. "An enjoyable and useful read. It provides a good perspective on the role of IT and how IT suppliers and professionals need to contribute to future developments in retail banking strategy and implementation. It helps provide guidance for the significant challenges ahead for both suppl

Straight Through Processing for Financial Services Firms

Straight Through Processing for Financial Services Firms
Author: Hal McIntyre
Publsiher: Unknown
Total Pages: 283
Release: 2004-01-01
Genre: Electronic funds transfers
ISBN: 0966917855

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A series of essays on Straight Through Processing.

Technology Management in Financial Services

Technology Management in Financial Services
Author: R. McGill
Publsiher: Springer
Total Pages: 243
Release: 2008-07-11
Genre: Business & Economics
ISBN: 9780230582361

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Over $5 trillion will be spent on technology in the financial services sector in the next three years. While there are many books covering purely technical issues, this is one of the very few that look at the challenge of how to manage financial services technology in an area that under-pins almost every part of our global civilisation.

Martini Tie In 40mxfl

Martini Tie In 40mxfl
Author: Anonim
Publsiher: World Bank Publications
Total Pages: 135
Release: 2022
Genre: Electronic Book
ISBN: 9780515121520

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Payment and Settlement Systems in Selected Countries

Payment and Settlement Systems in Selected Countries
Author: Anonim
Publsiher: Unknown
Total Pages: 525
Release: 2003
Genre: Banks and banking
ISBN: IND:30000100488414

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Banking Rebooted

Banking Rebooted
Author: John Bertrand,Head of Department for Public Relations Chris Skinner
Publsiher: Unknown
Total Pages: 206
Release: 2014-08-18
Genre: Business & Economics
ISBN: 1907720812

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Becoming a Digital Bank is a bit like asking for directions. The awkward answer is that we would not start from here. Unfortunately, 'here' is where we are. Where is 'here'? 'Here' is where most of the deposit account systems are. Systems that were built before the Internet became part of our lives, but now we have the mobile Internet showing that all of these systems need renovation to cope with the demands of this digital age. Many deposit account systems were built on a raft of ancient codes, lacking a cohesive technical architecture. They are a collection of software packages running on a variety of releases, all with localised codes across the enterprise. Few systems are ever turned off in case something breaks, and it has led to the attitude of 'if it isn't broken, don't fix it'. 'Here' is where we are challenged by change, and specifically the changes required for regulations. Virtually the entire Know Your Customer (KYC), Anti-Money Laundering (AML) and related bank regulations around clients have become law in the last five years. Add to this the new Basel III rules, with its emphasis on liquidity, and the increasing requirements for capital ratios, and intra-day balance movements become a core part of running a bank. This increases the costs of keeping and moving cash-like securities at light speed, and further highlights the need to digitise the enterprise. Having an industrial age workflow approaching 100% Straight Through Processing (STP) is good, but not good enough This book aims to show how adapting to the digital age is not only a priority, but is the only thing that will be sustainable for a bank long term. By moving the data input from the enterprise to the clients on their smartphones and tablets, the workflow is reduced. The overall internal costs drop as activities become more transparent and the likelihood of being non-compliant is reduced. It will then be possible to see what is happening inside the enterprise and focus on how to bring in better working practices and innovation. Embracing a digital age with a digital bank offer is therefore one of the most critical changes we will see in banking over the next decade, and this book aims to explain that change.

Research Results what IT Project Managers Think about Financial Investment Firms Pursuing Straight through Processing with Agile and Workflow Management Systems

Research Results  what IT Project Managers Think about Financial Investment Firms Pursuing Straight through Processing with Agile and Workflow Management Systems
Author: Geoffrey Webster
Publsiher: Unknown
Total Pages: 8
Release: 2017
Genre: Electronic funds transfers
ISBN: OCLC:992171482

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Changes in the financial services sector have made achieving straight-through processing, a dedicated commitment to settle a securities transaction within twenty-four hours and minimize risk, a monumental effort. Can agile software development and workflow management systems have a positive impact on addressing straight-through processing?

The Bank Directory

The Bank Directory
Author: Anonim
Publsiher: Unknown
Total Pages: 135
Release: 2009
Genre: Bankers
ISBN: UCLA:L0099739328

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New Developments in Clearing and Settlement Arrangements for OTC Derivatives

New Developments in Clearing and Settlement Arrangements for OTC Derivatives
Author: Anonim
Publsiher: Unknown
Total Pages: 64
Release: 2007
Genre: Derivative securities
ISBN: IND:30000116377924

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Fundamentals of Global Operations Management

Fundamentals of Global Operations Management
Author: David Loader
Publsiher: John Wiley & Sons
Total Pages: 448
Release: 2007-01-11
Genre: Business & Economics
ISBN: 9780470031803

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Fundamentals of Global Operations Management, 2nd Edition provides an overview of the fundamentals of the operations functions and is suitable for people working in any organization in the financial markets. Key issues affecting the industry are covered, such as operational risk management, traditional and new market environments, mergers and alliances, and integration across clearing and settlement. It also looks at how globalisation is presenting new challenges in operations and the new regulatory environment. David Loader takes the reader through the many issues that are important in a management or supervisory role in a practical rather than theoretical way. The new edition features updated regulations and examples.

Capital Markets and E fraud

Capital Markets and E fraud
Author: Tom Kellermann,Valerie McNevin
Publsiher: Unknown
Total Pages: 26
Release: 2005
Genre: Capital market
ISBN: UCSD:31822030949184

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Abstract: "The technological dependency of securities exchanges on internet-based (IP) platforms has dramatically increased the industry's exposure to reputation, market, and operational risks. In addition, the convergence of several innovations in the market are adding stress to these systems. These innovations affect everything from software to system design and architecture. These include the use of XML (extensible markup language) as the industry IP language, STP or straight through processing of data, pervasive or diffuse computing and grid computing, as well as the increased use of Internet and wireless. The fraud is not new, rather, the magnitude and speed by which fraud can be committed has grown exponentially due to the convergence of once private networks on-line. It is imperative that senior management of securities markets and brokerage houses be properly informed of the negative externalities associated with e-brokerage and the possible critical points of failure that exist in today's digitized financial sector as they grow into tomorrow's exchanges. The overwhelming issue regarding e-finance is to determine the true level of understanding that senior management has about on-line platforms, including the inherent risks and the depth of the need to use it wisely. Kellermann and McNevin attempt to highlight the various risks that have been magnified by the increasing digitalization of processes within the brokerage arena and explain the need for concerted research and analysis of these as well as the profound consequences that may entail without proper planning. An effective legal, regulatory, and enforcement framework is essential for creating the right incentive structure for market participants. The legal and regulatory framework should focus on the improvement of internal monitoring of risks and vulnerabilities, greater information sharing about these risks and vulnerabilities, education and training on the care and use of these technologies, and better reporting of risks and responses. Public/private partnerships and collaborations also are needed to create an electronic commerce (e-commerce) environment that is safe and sound."--World Bank web site.

The Future of Finance

The Future of Finance
Author: Henri Arslanian,Fabrice Fischer
Publsiher: Springer
Total Pages: 312
Release: 2019-07-15
Genre: Business & Economics
ISBN: 9783030145330

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This book, written jointly by an engineer and artificial intelligence expert along with a lawyer and banker, is a glimpse on what the future of the financial services will look like and the impact it will have on society. The first half of the book provides a detailed yet easy to understand educational and technical overview of FinTech, artificial intelligence and cryptocurrencies including the existing industry pain points and the new technological enablers. The second half provides a practical, concise and engaging overview of their latest trends and their impact on the future of the financial services industry including numerous use cases and practical examples. The book is a must read for any professional currently working in finance, any student studying the topic or anyone curious on how the future of finance will look like.