/PRNewswire/ Industry-leading FinTech firm SquaredFinancial Group announced the promotion of Philios Petrides to Chief Product Officer. With Founder and CEO.
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The report titled, ‘The Importance of Automating the Middle Office’, emphasises a number of pain points experienced by firms across middle office operations which include:
Pressure on staff to support multiple, fragmented processes tied to asset class siloes in the front office which can limit operational oversight
Higher settlement risk and related costs as a result of fragmentation and manual processes which are prone to inaccuracy
Challenges in meeting multiple market structure changes in a timely manner as manual processes face scalability issues
An inability to quickly respond to client requests due to lack of transparency across asset class specific systems
New Industry Research Highlights Need To Invest In Middle Office Amid Increasing Operational Pain Points For Firms Date
04/03/2021
Torstone Technology, a leading SaaS platform for post-trade securities and derivatives processing, and Firebrand Research, a provider of research and advisory services, has today published a white paper highlighting the need for sell-side firms to re-evaluate their current processes and invest in the middle office in order to improve operational controls, reduce risk and support regulatory compliance.
The report titled, ‘The Importance of Automating the Middle Office’, emphasises a number of pain points experienced by firms across middle office operations which include: