New research from TowerGroup suggests it may be time to deliver a eulogy for the usefulness of the ‘STP’ acronym, particularly when it comes to one key audience: the asset manager. In recent years, according to TowerGroup, straight-through processing (STP) has generated increasing discussion and marketing momentum throughout the securities industry. Today, this catch-all acronym for post-trade technology, integration and automation has become so pervasive that it seems to have taken on a life all its own, said the company. TowerGroup claimed that the reticence of the buy-side to buy in to STP hype validates its claim that STP evangelists too often put the cart before the horse – extolling the virtues of integration, rather than the business objectives that integration can help to achieve. TowerGroup suggested that the overexposure of STP as a marketing vehicle has made it difficult to provoke a reaction from prospects, while descriptions of its benefits have become too boilerplate to help financial institutions distinguish between products. The incentive for each industry segment to automate the exchange of information is too often lost within generic value propositions, said TowerGroup.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more