06/07/23 We are pleased to announce another informative and insightful
addition to our
Finalto Broker Series
,
exploring the role of data in the modern brokerage sector. This publication is part of
Finalto’s ongoing commitment to industry education and sharing the knowledge we have
accumulated through decades of experience, focusing on the essential role of data in modern
brokerage firms. David Hastings, Data Sales Manager at Finalto and former
Bank and Financial Institution Liaison Officer for the ACI, is a key contributor to this
edition. His wealth of experience informs much of the discussion around the practical
application of data in the financial services industry. Hastings remarks, “We are
thrilled to bring our extensive knowledge on data best practice into the public domain and
continue to contribute to this evolving sector.” The publication takes an in-depth look
at the ever-increasing significance of data in the brokerage landscape. Topics explored in
this whitepaper include the role of data in risk management, meeting evolving compliance
expectations, market analysis, and customer segmentation. In an industry where regulatory
compliance is paramount, we highlight the intricate relationship between data management and
regulatory adherence. Explore the challenges faced by brokerage firms in ensuring that data
practices meet the stringent requirements of financial regulators and offers insights into
best practices for data compliance. Artificial intelligence and machine learning, two of the
most transformative technologies in data analytics, are also examined. Find out how these
technologies can provide brokerage firms with enhanced analytical capabilities, allowing for
more precise market forecasts and trading strategies; facilitating business practice that
stands above the competition. We also focus on customer experience. Join us as we unpack how
data can be leveraged to create personalized services for clients, which not only meets
their specific needs but also fosters long-term relationships. Practical examples and case
studies are used to illustrate how data-driven customer engagement strategies have been
successfully implemented within the industry. With an analytical approach, this entry looks
at potential future developments in the realm of data within financial services. It
considers how the ongoing evolution of technology and changes in regulatory environments may
impact data management practices, and how firms can remain agile in the face of such
changes. Finalto’s commitment to providing open access to our experience with data oriented
best practice for the financial community is extremely important to us. It not only serves
as an invaluable resource for brokerage firms looking to optimize their use of data but also
provides insights that are relevant to regulators, technology providers, and the wider
financial industry. In the future you can expect more insights and best practice information
as the
Broker Series
develops.
Group