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Feb 8, 2021

CP86 compliance following CBI’s regulatory review

CP86 compliance of Irish fund management companies (ManCos) and self-managed investment companies (SMICs) has evolved considerably since 2014. In 2020, the Central Bank of Ireland (CBI) conducted a review of Irish fund management companies (FMCs) in 2020, which found that many firms are falling short of implementing the necessary framework for governance, management and oversight to meet CP86 compliance. The review provides clarity as to the regulator’s intentions.

Jan 20, 2021

The next big shift—acquisitions to loans

Over the past three or four years, there has been a shift from acquisitions to lending among real assets investors. Commercial real estate prices increased starting in 2008 when acquisitions of both residential and commercial real estate were quite high.  The shift from acquisitions to lending to real asset owners/investors in need of capital is fast becoming a new trend. Lenders are able to earn on the interest of the loans rather than commit to an asset—particularly commercial which has seen a drop in value. That drop has been most dramatic during the pandemic, although the decline was beginning prior to March 2020. Investors who may have diminishing values in their real estate portfolio can turn to private capital to provide needed liquidity—particularly during the recent volatility in the market. 

Nov 12, 2020

SS&C and St. James’s Place win Best Implementation in FundTech 2020 Awards

When a wealth manager decides to transform its business, determining the new operating model and selecting a partner to deliver is a massive project in itself. Firms need to be innovative and ambitious in the decisions they make, and to secure a great deal for their customers and employees. As the ink dries on the paper, a lot of work has already been done on both sides. However, this is just the start of much bigger project, and a much bigger test for both sides—the implementation.

Oct 30, 2020

Law firms: is COVID-19 the catalyst for change?

The COVID-19 pandemic has affected law firms in two key ways. First, they have faced a flurry of legal work arising directly from the pandemic or from fiscal measures to stimulate the economy (e.g., property tax “holidays”), on top of surges of activity that built up during lockdown. Property, employment, family, private client, commercial and corporate law are all experiencing some increase in activity—with personal injury litigation as the outlier, having experienced a reduction of activity while people are moving less and therefore having fewer accidents.

Oct 28, 2020

Embracing Digital Transformation in UK Workplace Pensions

Huge growth in demand sounds like a great problem to have. In the past decade, participation in UK defined contribution (DC) pension schemes has seen a record increase. A combination of pull factors, such as a strong global economy and low unemployment, have been further boosted by push factors, including the phase-in of automatic enrollment.

Sep 16, 2020

SS&C Vidado’s AI-powered OCR wins 1st place in independent analysis

In their blog post Handwriting OCR Vendor Analysis, Cano AI compared SS&C Vidado’s AI-powered Optical Character Recognition (OCR) software against other top providers in the space.  Cano AI, a consulting group focused on discovering and sharing the most cutting-edge automation solutions, filled out a generic medical document containing a variety of short-form and long-form handwritten responses like the ones processed by healthcare and insurance companies. They then submitted this document to all three services and manually analyzed the accuracy rates.

Jul 23, 2020

Challenge equals opportunity: lessons for lenders from COVID-19

Six months ago, the lending industry was operating much as it had done for many years. Where other financial services organizations have seen significant advances in the availability and adoption of technology to automate and streamline operations, paper forms are still commonplace for lenders. These forms are often walked from one side of the office to the other, and handed from one staff member to another, with a notable lack of straight through processing.

Jul 17, 2020

Is it Hot in the Middle East? A Temperature Check

The Middle East (defined here as the Arabian Gulf and its periphery) has long flourished as one of the wealthiest regions of the world. Sustained current account surpluses (i.e., when the value of exports is higher than the value of imports) and low domestic absorption capacity has meant that the region has one of the highest investible surpluses in the world. This surplus has propelled the region as an influential player on the global commercial stage, complementing its already-important political presence.

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