Wipro cites challenges such as the current centralized model, the consolidated data feed, and the SEC’s response over the last few years.
Compliance teams need to understand trades in context, which requires access to news and social media data.
Morgan Stanley, Refinitiv, Amazon Web Services, Google Cloud, IBM Cloud, and Microsoft Azure are among participating firms.
Almost half of financial services employees expect their post-pandemic office days to be less than pre-pandemic.
Dealing with the spike in margin calls amid COVID-19 has underscored that this critical process should be fully automated.