It goes without saying that the banking space looks much different now than it did a few of years ago. As the industry continues to endure impacts from the COVID-19 pandemic and record high inflation, it has been increasingly more difficult for financial institutions to navigate through market changes and prepare for future industry impacts. Whether you’re a 2023 filer preparing for CECL compliance, looking to leverage CECL insights for other business purposes or preparing for ESG requirements that are surely coming down the pipe, new trends continue to evolve and influence the banking industry. How are you expected to keep up with all of this change, and where do you turn to learn about mitigating future impacts to your institution?  

On a sunny morning in Orlando, some 1,300 attendees trekked beneath the soaring atrium of the Gaylord Palms resort, past the live alligator pond, Everglades cypress trees and an old Spanish fort, to the opening festivities of SS&C Deliver 2019.  CEO Bill Stone kicked off the proceedings by acknowledging the importance of clients:  “Without you, we don’t have a company.”  

Ernst & Young’s 2017 Global Hedge Fund and Investor Survey showed that 78 percent of hedge funds currently use or expect to use alternative, or non-traditional data, in their investment process. That number is up from 52 percent the year before. For investment firms grasping for alpha in the midst of margin pressures, alternative data presents a compelling opportunity. But, despite the growing recognition of its potential value, myriad challenges keep some firms from going all-in on alternative data.