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

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

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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 ...

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