Back-office systems: Innovate before it's too late

Back-office systems: Innovate before it's too late

clock

Bringing old technology up to speed with current digital trends is vital to ensure the survival of the UK's financial services sector, argues Colin Dean

If further proof was ever needed, the Financial Conduct Authority’s Project Innovate once and for all dispels any myths that Britain's financial services sector lacked a commitment to finding new ways to engage with clients.  Set up to help firms "bring new and innovative ideas to financial services markets", the initiative is an excellent example of how a watchdog can actively engage with regulated entities, to explore ways within an evolving regulatory framework, and for emerging trends to be explored and tested. But while the project should go a long way in reducing the likelihood ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

'Get started now': Putting AI to work in financial advice firms

'Get started now': Putting AI to work in financial advice firms

'Dive in so you can learn and grow together'

Stu Breyer
clock 24 April 2024 • 4 min read
Utilising clean data to power business decision-making

Utilising clean data to power business decision-making

In 2023 120 zettabytes of data was transacted globally

Abhishek Vethanayagam
clock 24 April 2024 • 3 min read
Woven Advice closes SEIS fundraising for data management solutions

Woven Advice closes SEIS fundraising for data management solutions

‘Advisers are held back by the quality of their data and their inability to fix it’

Hope Coumbe
clock 23 April 2024 • 1 min read