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

Could Iress private equity sale finally shake up the back-office world?

Could Iress private equity sale finally shake up the back-office world?

‘Even if IFAs had the budgets, there is a huge amount of inertia at play here’

Justin Cash
clock 12 September 2025 • 4 min read
I know a man who can: Advisers urged to adopt consumer signposting tool

I know a man who can: Advisers urged to adopt consumer signposting tool

Answer to enquiries from prospective clients’ advisers can’t help

Jenna Brown
clock 10 September 2025 • 2 min read
FCA: No plans for 'extra' AI regulations

FCA: No plans for 'extra' AI regulations

‘We will rely on existing frameworks’

Eve Maddock-Jones
clock 10 September 2025 • 2 min read