An American’s Thoughts on Brexit

Jun 30, 2016 6:00:00 AM / by Sarah Flynn

Topics: Brexit

As an American working state-side for a London-based company, I’ve been following Brexit with great interest. There are several parallels between the E.U. referendum and the issues we face in the U.S. during this Presidential election year. The economic, social, and political ramifications are long-term and deeply impactful.

However, in light of recent domestic events, the U.S. news cycle last week gave little space the updates from abroad. We have had a full plate here lately. And, quite frankly, the magnitude of Brexit was a bit too complicated to comprehend in our already roiling national psyche. So, the media minimized the updates from Britain to feel good fluff pieces. The major headline last Thursday was: “Wills Knocks Kate’s Cooking.” Fair enough. Perhaps it was the media’s way of realizing that was literally all of the additional bad news we could digest.

That was, until Friday.

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The Evolution of Document Authoring Solutions

Apr 14, 2016 6:30:00 AM / by Ken Stearn

Topics: Fund Document Automation, Streamline Fund Documentation Creation

I’m going to continue with drawing parallels between Satnavs, the way that technology itself evolves, and how even incremental change can make a difference in your day-to-day life.

Let’s consider the way that Satnavs evolved and compare that to document authoring solutions.

After the Motoring Atlas in the car came the first generation of consumer Satnav devices. The coverage and accuracy of them were OK but didn't stack up against the level of detail you could get with a map. They weren't really great on the graphical interface and certainly no match for the tactile experience you’d get from looking up a destination in a Motoring Atlas.

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It's Hard to Admit, but Sometimes You Have to Stop and Ask for Directions

Apr 11, 2016 6:30:00 AM / by Ken Stearn

Topics: Fund Document Automation, FinTech

Recently, I was travelling. I was away from my neighbourhood and whilst I was in an area that was somewhat familiar to me, it wasn’t somewhere that I knew intimately. I started thinking about how before Satnavs came along, everyone would carry maps in their cars. This would usually allow drivers to navigate from one big conurbation to another, but that last few miles were always a challenge.

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The Matrix, The Imitation Game, Robots and You

Apr 7, 2016 6:00:00 AM / by John Bartlett

Topics: FinTech

It was cold and rainy in New York last weekend. I rewatched two movies that got me thinking – The Matrix and The Imitation Game. These got me digging down “rabbit holes” (get The Matrix line here?) where I ended up rereading several recent articles.

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How Your Google Searches May Already Define Your Pain Points

Apr 5, 2016 6:00:00 AM / by John Bartlett

Topics: Streamline Fund Documentation Creation, FinTech

Have you ever thought about how many online searches you do each day? Here are the facts:

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SEC Modernization – the Storm is Coming

Mar 28, 2016 6:00:00 AM / by John Bartlett

Topics: Fund Regulatory Requirements, FinTech

We had a workshop last week in Boston attended by reporting teams from five different asset managers. The group was diverse not only in the size of funds managed, but the pieces of accounting and reporting that were managed in-house versus outsourced. There was some of everything.

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“Using a Financial Printer” is on the List of Things We Used to Do

Mar 14, 2016 6:00:00 AM / by John Bartlett

Topics: Fund Document Automation, FinTech

Just this week the subject of dealing with a financial printer came up with several financial reporting teams. On two different occasions, teams told us that somewhere around 10-14 days before filing, “we send the document to the printer.”

When I asked why, they looked at me and said, “Well, we have to get it typeset and filed.”

Then I asked how long it takes. They said, "Usually two days to get the first proof back, and then we turn the document two or three more times."

I was shocked. Even more so when I heard what it cost them.

Finally, I asked if they thought this process worked. They said, “Well, no, but what choice do we have?” 

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Reinventing the Wheel - Literally

Mar 10, 2016 5:30:00 AM / by Steve Castle

Topics: Fund Document Automation, FinTech

We hear the term “re-inventing the wheel” all of the time. It's a term used so loosely, and the phrase has all but lost its impact.

Until you consider, that Goodyear has actually gone and done it.

They have created a spherical wheel: the Goodyear Eagle-360. It looks like a big rubber ball and here’s a picture to prove it.

Of course, it's just a concept. The maglev drive they need to make the wheels rotate doesn’t actually exist yet, but it probably will soon, given the amount of money that is being thrown at it.

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A Year of Regulatory Monsters is on the Horizon

Mar 8, 2016 5:30:00 AM / by Cynthia Taylor

Topics: Fund Regulatory Requirements

In February 2016, the European Commission proposed granting national authorities and market participants one additional year to comply with the rules set out in the revised Markets in Financial Instruments Directive, known as MiFID II. The new deadline is 3 January 2018.

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Financial Management Companies Debate Growth Strategies

Mar 4, 2016 5:30:00 AM / by John Bartlett

Topics: Fund Document Automation, Streamline Fund Documentation Creation

There are interesting debates these days. Cut cost or invest in growth? Outsource vs. keep in-house?Where does scalability fit into this discussion?

I saw this in Ignites last week:

"Market volatility … causes us just to look at our entire business, all the business processes, all the business lines, and rationalize everything…. " said CFO Ken Lewis on an earnings conference call earlier this month. See the article in Ignites.

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