When regulation increases so does the need for automation. Otherwise, the cost of compliance and risk of violations become unsustainable. The upcoming Fundamental Review of Trading Book (FRTB) requirements provide an excellent example of how enterprises can bring together Big Data and workload automation to effectively meet compliance requirements while minimizing the burden on staff. BMC is currently working with several leading international financial institutions to meet the FRTB challenge and we’ll share some perspective here.
The financial services industry is in the midst of a dramatic transformation. As tech-savvy millennials become the predominant demographic, both as employees and customers, banks and investment firms must constantly innovate to remain competitive.