Reading Time: 3 minutes Current brokerage KYC processes are complex and cumbersome, often resulting in non-compliance and hefty fines. In 2023, Merrill Lynch was fined heavily for failing to address AML-related compliance. Despite financial institutions worldwide spending an estimated $58 billion on KYC compliance Read more…
Reading Time: 3 minutes Chatbots are evolving from simple, algorithmic query handlers to sophisticated virtual assistants capable of offering insight and solutions. Today, nearly 80% of financial institutions are leveraging chatbots, even if only in pilot projects. However, their role isn’t just confined to Read more…
Reading Time: 3 minutes While brokerage firms in the capital markets industry are increasingly aspiring to be data-driven, the ground reality often tells a different story. A 2022 survey by NewVantage Partners reports that only 19.3% have a strong data culture, and just 47.4% Read more…
Reading Time: 3 minutes Customer onboarding is a vital part of the customer journey, establishing the foundation for the customer-company relationship. A smooth process helps new customers feel valued and confident. Incorporating steps like data collection, identity verification, and compliance checks helps ensure accuracy Read more…
Reading Time: 4 minutes The US capital markets have been solidifying their position as a leading global hub, attracting companies from various sectors and regions. This trend was evident in 2021 when Swiss sneaker brand On Holding announced its Initial Public Offering (IPO) launch Read more…
Reading Time: 5 minutes In February 2021, Tesla announced that it had purchased $1.5 billion worth of Bitcoin. This decision was part of a broader strategy to diversify its cash holdings and ensure more flexibility. More recently, major corporations like MicroStrategy have been making Read more…
Reading Time: 5 minutes The significance of Environmental, Social, and Governance (ESG) criteria in investment decisions has grown exponentially. Investors are increasingly recognizing that companies committed to sustainable practices tend to outperform those that are not. Understanding the elements that comprise ESG is crucial Read more…
Reading Time: 3 minutes Illustration of various design elements with the title ‘Why Every Design Needs a UX Review’ and the Studio iX logo, highlighting the importance of user experience (UX) review in design.
Reading Time: 3 minutes The US securities trading industry recently transitioned to a T+1 settlement cycle from T+2, marking a significant change aimed at increasing market efficiency and reducing risk. Canada transitioned to the T+1 settlement cycle for equity and long-term debt market trades Read more…
Reading Time: 4 minutes The capital markets have always been a lucrative target for cybercriminals, and the past few years have only intensified these threats. A stark reminder of this vulnerability was the ransomware attack on CNA Financial Corporation in March 2021, one of Read more…
Reading Time: 5 minutes The capital markets industry is facing disruptions from ongoing regulatory changes, higher interest rates, and geopolitical tensions, among other things. In 2023, the SEC has reported a 15% increase in enforcement actions, while FINRA has seen a 20% rise in Read more…
Reading Time: 5 minutes Open banking is rapidly reshaping the financial landscape, shifting the monopoly of financial data from traditional banks to a more inclusive ecosystem. A financial technology practice that allows third-party financial service providers to access consumer banking, transactional, and other financial Read more…