Yesterday, SAP announced that all transactions of its Ariba Network—a business-to-business community of hundreds of thousands trading partners—will be shifted to HANA, its new in-memory platform for real-time computing. This news represents a major accomplishment in the supply chain world because it moves the elaboration of supply chain big data from theory to practice, allowing companies, per the announcement, to "analyze the vast volumes of information they have on their businesses faster than ever before.”
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The industry has been debating the topic of reducing the equities settlement cycle from trade date plus three days (T+3) to either T+2 or T+1 for over a decade. Europe has finally bitten the bullet and enshrined the move to T+2 via regulation, but does that mean we'll see the U.S. market follow suit? If so, it could be an unwelcome and challenging move for some market participants, despite the potential risk management benefits.
The release of Aite Group's report on digital wealth management created many opportunities for thought-provoking discussion with our clients about the future of the wealth management industry and the likely impact of the rise of firms such as Wealthfront and Betterment on traditional providers. The report dug in to the different business models of so-called "robo-advisors," as these firms are labeled in the media.
Ever since I first heard and understood the distinction between "independent" and "restricted" advisors, I have found both the terms and the meaning behind them misguided or, perhaps better said, misguiding. They relate to one pillar of the U.K.’s Retail Distribution Review and the regulator’s effort to be more client-centric from top to bottom. Under the RDR, any firm giving financial advice to a retail consumer needs to describe itself as either "independent," meaning it must give the client unbiased and unrestricted advice with a comprehensive and fair analysis of the relevant market, or "restricted," meaning the advisor will recommend from a limited range of products and providers.
Denise Valentine: I’m away two years and I come back to all this chatter about an Investment Book of Records (IBOR). Portfolio management and accounting systems have long provided a view from the perspective of the portfolio management team. The ability to slice and dice your portfolio is not new.
Virginie O'Shea: Indeed—it seems to be the latest buzzword within the vendor community. Buy-siders that talk about it tend to be looking for something in a real-time context—a move to tracking positions on an intraday rather than end-of-day basis, across different asset classes.