Discover how a million-euro data management problem in asset management is being transformed through innovation and collaboration. In this compelling episode, Gary Bond, CEO of TISA, draws from his 35-year experience in financial services to unpack the evolution of asset management and the critical need for standardization.
Gary reveals how TISA's groundbreaking central data utility project is addressing industry-wide challenges, from costly data management to complex corporate actions. He shares insights on the strategic pivot from a not-for-profit to a for-profit model, demonstrating how this shift helped secure crucial industry participation.
Key highlights:
- The impact of Mifid 2 legislation on transparency
- How blockchain technology is reshaping asset management
- Solutions for streamlining corporate actions communication
- The journey toward standardized data frameworks
- Collaborative efforts with major firms like S&P Global and Fidelity
Join us for this eye-opening discussion about the future of financial services and learn how industry-wide collaboration is paving the way for more efficient, standardized operations. Listen now to understand how these changes could impact your role in the financial sector.
00:00:00 - Introduction to Gary Bond and His Experience
00:01:41 - TISA's Role in Financial Regulation
00:03:48 - Building Relationships for Industry Standards
00:06:48 - Challenges in Cloud Adoption Journey
00:09:15 - Challenges in Data Management for Asset Managers
00:11:42 - Challenges in Corporate Actions Workshop
00:14:26 - Understanding Corporate Actions in Finance
00:16:10 - Challenges with Corporate Action PDFs
00:16:56 - Standardizing Data in Asset Management
00:21:13 - Challenges in Corporate Actions
Corporate actions such as mergers, dividends and stock splits remain one of the most error-prone and inefficient areas in financial services due to fragmented data and inconsistent processes across stakeholders. Despite their regulatory importance, the industry lacks a unified standard, leading to delays, mistakes and increased risk. Blockchain technology can offer a solution that enhances transparency, reduces costs and improves compliance. By combining collaboration with secure, decentralised infrastructure, standardisation promises to transform corporate actions from a legacy pain point into a streamlined, automated pillar of financial operations.
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