Posts By

Chris Monaco

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Converting AI into ROI: A Banking Strategy

A few months ago we looked at Accenture’s Banking Technology Vision 2017, and of the report’s numerous highlights, those centered on AI were particularly noteworthy: Seventy-nine percent of respondents agree that AI will revolutionize the way banks gain information from and interact with customers Twenty-nine percent believe it is extremely important to offer their products/services…

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14 Sep
2017

Increasing Asset Managers’ Operational Efficiency

Asset managers are under the gun to adjust their operational models and expand margins in the face of prevailing headwinds. This isn’t some 2016 narrative; it’s language adapted from a FundFire article published today. In the piece, a survey commissioned by State Street and conducted by Longitude Research cites that 66 percent of institutional investors…

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7 Sep
2017

What’s up With That? The DOL Fiduciary Rule Delay

It’s been quite some time since we directly discussed the status and fate of the DOL’s fiduciary rule. A lot has changed over the past eight months, particularly due to the policy positions of President Trump’s administration, and yet, as the DOL and the SEC make decisions on the massively complex regulation, much of the…

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Why Financial Services Firms Should Attend Seismic Shift

On October 2 hundreds of Seismic customers will converge on downtown San Diego for Seismic Shift, the annual three-day conference for platform best practices, new product announcements, and networking. But you already knew that, and you want to go, but first, you have to sell the dream. We get it, which is why the following…

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Delivering a Digital Banking Experience

The evolution of banking is at a major inflection point. With the groundwork for diminishing returns in play, it’s imperative for banking institutions to consider new technologies and digital pathways that will allow them to compete in an age of low rates and, more critically, provide current customers with an efficient, omni-channel experience. In a…

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17 Aug
2017

Streamlining Asset Managers’ RFP Process

In an interview with FundFire last year, Amanda Tepper, president of AM 20/20, a consultancy, said of RFP responses, “You really need to be paying attention to what you are doing. The more rote you are, the more likely you are to make a mistake and to have wasted a lot of time. Quality matters…

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3 Aug
2017

Asset Management News and Trends Trivia

It’s August. The oft-celebrated dog days of summer are in full swing, so let’s be honest with ourselves. Most folks are on vacation doing absolutely nothing productive, and those who are actually in the office, presumably reading this post, probably aren’t doing a whole lot either. No. That’s unfair. They are, but not really. Hey,…

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Sales Enablement and Fintech in Banking

Let’s talk sales enablement. Let’s talk fintech. Let’s talk about the potential of both within banking. And make no mistake; they are not mutually exclusive. EY recently released a pair of reports on the rise of fintech and how its growth can be nothing but beneficial for banks and their clients and customers. The caveat,…

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20 Jul
2017

Asset Managers: Reducing Risk with Smart Data

Risk: An innate characteristic of asset management that all firms must measure and mitigate. How this occurs and to what extent it can occur is a topic of interminable discussion among managers, analysts, and regulators alike, particularly since 2008. For example, the SEC’s amendments to rule 204-2 and Form ADV, among others, aim to provide…

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13 Jul
2017

Wealth Management Trends: Transforming the Client Experience

In June BCG released its 17th annual report on the state of global wealth, what challenges face firms in 2017, how managers need to evolve, and where clients’ digital behaviors are taking the industry. It is a data rich report, providing a benchmark analysis of more than 1,000 performance indicators from a survey of over…

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