Delta Data has a unique culture. For starters, how many privately held software companies do you know that are in their 35th year of continuous operation? Not many, I am sure. The tag line for our company is “Stay Ahead of the Change.” To still be around after 35 years, we have had to practice what we preach to our clients.
The relationship between a mutual fund company and its mutual fund sub-advisor is an important one. These trusted partners are relied upon for their expertise in managing strategies and products critical to the success of a fund company. Read more
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
Last week, I attended SIFMA’s Fintech conference in New York. I sat through panels discussing the topics of the day in financial services operations – emerging technologies, the ever-evolving regulatory landscape, you name it. Overall, it was an engaging event with interesting insights into how fintech is transforming the financial services sector. As I reflected on the event and the topics explored, it became clear that many of us face the same challenges in grappling with new technologies that promise to transform the industry. Read more
Whatever happens to the Department of Labor fiduciary rule, the mutual fund industry is moving into a “fiduciary era.” For one thing, investment advisors hope to capitalize on investors’ heightened awareness of the role of a fiduciary. For another, the backlog of regulatory change that must be implemented is large and there are many processes in place that were implemented with time to market not efficiency of execution that need to be addressed.
Besides demanding ever-greater levels of transparency, regulators are also beginning to turn their attention to RegTech, to ensure investment firms have the systems to manage compliance workloads. As we look ahead to a future dominated by financial technology, it’s becoming clear that when it comes to data management, only the fittest will survive. Read more