Arrogance and aftershocks

Many financial software companies have shot themselves in the foot over the past five years by hyping the dotcom bubble. Now, banks are going back to basics with their IT budgets. Can the software companies keep pace? Keith Brody reports

These are challenging times for financial software firms, many of which are having difficulty navigating the choppy waters of change. Thanks to the global economic downturn, banks worldwide are slashing their IT budgets, and changing the nature of the types of projects they will spend money on. And there are fewer clients for software firms to market to, because of consolidation in the financial services industry.

Indeed, Waters magazine, published by the Risk Waters Group, reported in its

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Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

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