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market closures, brokers, financial consulting, fundblast, mutual fund, financial services, data management, counterparty relationships, delta data

Why Unplanned Market Closures Put a Strain on Distributor Operations

Unexpected market closures, like the one we experienced recently for the funeral of former President George H. W. Bush, put the mutual fund industry in a precarious position. And while they don’t occur very often, when they do — it puts operations teams under serious strain, especially on the distribution side. Read more

Analytic reports, brokers, financial consulting, fundblast, mutual fund, financial services, data management, counterparty relationships, delta data

Employee Spotlight: Bret Bange and Jason Davenport

Our employee spotlight this week, includes two great men. This year has been one of innovation, achievement, and exciting growth here at Delta Data. Some of our notable accomplishments in 2018 include the launch of new products such as FundBlast and our Proprietary Product Manager, recognition as a TAG Top 40 Innovative Tech company, and a NICSA Nova award win for Innovation in Technology. Read more

Chief of Operations, Financial Services, Data strategies, FundBlast launch, innovation technology, Robotic Process Automation, mutual funds, financial broker

Financial Industry Trends: Reflections from our 2018 Client Conference

Every year, we have the privilege of bringing our clients together to talk about industry trends and discuss our latest product updates. It’s hands down the most instructive three days for us at Delta Data. They help us draw our innovation roadmap and keep our efforts focused on solving their problems rather than chasing the buzzwords in the headlines. I may be the CEO of Delta Data, but I’m proud to say that our clients truly guide the direction of our company. And I wouldn’t have it any other way. Read more

Delta Data Launches Proprietary Product Manager

New digital portal significantly eases operational strain associated with creating and managing proprietary products

The Launch of a Proprietary Product Manager

COLUMBUS, Ga., September 18, 2018 – Delta Data, a leading provider of software and data management solutions for the mutual fund industry, today announced the launch of its Proprietary Product Manager (PPM), a tool that supports the construction, trade execution and administration of proprietary funds for trust companies, record keepers, insurance companies and broker-dealers. Read more

FundBlast Recognized by NICSA

Every year at NICSA’s General Membership Meeting, the top initiatives, technologies, and personalities in the asset management industry are presented with NICSA NOVA Awards. This year, we’re proud to announce that FundBlast won its “Innovation in Technology” Award, and are honored to have received this prestigious distinction. Read more

President Signs Executive Order on Strengthening Retirement Security

On August 31, 2018, President Trump signed an Executive Order on Strengthening Retirement Security in America. This EO directs the US Department of Labor and the Treasury to consider issuing regulations and guidance that would (1) make it easier for businesses to offer association retirement plans, also known as multiple employment plans (MEP), (2) improve the effectiveness of and reduce costs of furnishing required plan notices and disclosures, to include broader use of electronic delivery, and (3) update life expectancy and distribution period tables for purposes of required minimum distributions. Read more

Counterparty Communications Seen as Most Neglected Function

Twenty years ago, email was coming into its own as a simple and effective solution for counterparty communications important information to large groups of people – a significant technological upgrade to faxes. For the fund industry, this has long been the standard for disseminating important information about products to the firms who distribute and service them. As the years went on, the industry has clung to the email based system ever since, despite the industry growing and becoming more complex. Read more

Our Journey from DeltaDataSoft.com to DeltaData.com

Recently our firm completed the end of what can only be called an odyssey. For years, we sought to acquire the domain Deltadata.com from a company who bought up “swell sounding” domain names in the mid-nineties. Their business model may have been sound, but the execution ended up being quite poor. Despite our best efforts to reach them, we didn’t receive a response from the domain owner for more than 15 years. We felt like someone else had lost the blockchain hash key to our domain name!  Read more

Fund Communication Shouldn’t Bog Down Broker Dealers

It’s indisputable that fintech is rapidly changing the landscape of financial services. It seems as though there’s a new innovation every day promising that Mutual Fund asset managers can leave their outdated legacy systems behind. Broker-dealers have been particularly hampered in recent years due to where they sit in the mutual fund supply chain. They are pulled in all directions, whether it’s their fund company partners adding or altering share classes or responding to demands from their investment managers around product availability, performance, and transparency. Read more

Delta Data and FundBlast System Featured in Recent Article

Fund Communication is Ready for an Upgrade

Tech innovation is necessary to cut the industry’s ties with legacy software, FundBlast System.

The industry’s move to an email-based system has been the only minor update to the blast fax infrastructure in the last 30 years with regards to communicating fund changes and events. The mutual fund industry is rooted in a complex data set and has embraced its own way of processing data.

Fund companies currently send thousands of emails to their distributors. Recipients of these emails must parse through each one to determine if the communication is even relevant. In the case that an email is pertinent, that firm must then figure out the appropriate changes to process and move it downstream in their organization. It is a time-consuming process that relies heavily on manual intervention, making it riddled with risk.

 

Read the entire article.

Learn more about FundBlast. 

 

 

Delta Data to Showcase FundBlast at NICSA’s 2018 Strategic Leadership Forum

COLUMBUS, GA (February 27, 2018) – Delta Data has announced its participation as a presenter and sponsor at NICSA’s Strategic Leadership Forum (SLF), to be held February 28 – March 2 at the Doral in Miami, FL. Read more

Liquidity Rule Delayed Six Months

The SEC voted on Wednesday to delay the compliance date of the classification requirement of the Liquidity Rule in what turned out to be a whirlwind of a week for the regulatory body.

With a delay now formalized, fund firms with more than $1 billion in assets now have till June 1, 2019, to comply with the classification requirements, while smaller firms have till Dec. 1, 2019. The SEC also issued an FAQ document detailing compliance requirements for the rule, which you can find here. The other requirements of the rule still go into effect December 1, 2018, for large funds and June 1, 2018, for smaller funds. Read more