Media Coverage

Why the SEC is introducing new disclosure requirements, as well as how it will affect what and when firms report to regulators.

The asset management industry is filled with firms relying on outdated, legacy technologies. While companies may have gotten by in the past, the pandemic and remote working have exposed the inconvenience of these expensive and inaccessible on-premise infrastructures. Working from home had meant that these employees struggled to access critical data and applications, disrupting businesses at an already volatile time.

Vandana Bansal, HR Leader - India at Clearwater Analytics, says, “Our global Chief Human Resources Officer also holds the title of Chief Transformation Officer to ensure that whatever we do from a people perspective is tightly aligned with and actively supports where we are headed and our business goals. Launching and aggressively expanding our India Centre is an example of the successful partnership between HR and the business – in about two years we now have a highly productive centre based in India supporting both our Development and Operations functions.”

Over the past ten years, insurance professionals have invested in increasingly complex assets, such as private equity and mortgage derivatives, in their search for yield. Today, insurers invest in a variety of asset classes, in numerous different currencies, across multiple accounting regimes. This uniformly global complexity increases the challenges of managing risk, regulatory compliance, and performance. A lack of visibility over these investments only adds to the mounting pressures on investment teams. In fact, today they rely on a patchwork of inflexible, error-prone legacy systems and processes.

Credit and Finance for MSMEs: As small and mid-sized companies build more complex portfolios that blend public and private assets, they need to take a holistic view of all investments to quickly assess risk and make informed decisions. For some organizations, a more complex portfolio may mean rapidly adding public and private debt, bank loans, real estate, and other vehicles, while others may be just starting with floating rates or derivatives. Regardless of the organization’s unique situation, there will almost surely be an equally unique and evolving landscape of obligations and compliance concerns.

We have talked to Martin Wallmann (Managing Director for the DACH region at Clearwater Analytics) about Software-as-a-Service for financial services providers. The topics of our conversation included scalability and automation, the strategic benefits of outsourcing, client centricity, and the transformation of the market over the next few years.

The last decade has seen several enterprises experimenting with cloud technologies. The pandemic over the last two years has significantly accelerated cloud adoption, in part due to the surge of remote work and many organizations facing major operational resilience challenges in the early days of the pandemic. According to the findings of the Oracle KPMG Cloud Threat Report, almost 90 percent of organizations said they use SaaS and 76 percent said they use IaaS. Further, 50 percent said they expect to move all their data to the cloud in the next couple of years.

Over a third of insurers in Europe with assets over $500 million are concerned about regulatory constraints relating to investment in non-traditional assets, research suggests.A survey of 1,000 insurance investment and accounting professionals in the Europe, Middle East and Africa region found the top five asset classes for insurers in 2021 were private placements, private funds, mortgage loans, equity ETFs, and bond ETFs.