The ‘three Is of data’ financial firms need to consider

From visiting and speaking to many clients recently, Storm IT Financial has identified three elements leaders in alternative investment and financial services will need in order to excel in the new digital & internet era, which we call the “three Is of data” – Integration, Integrity and Intelligence.

We maintain the digital leaders, meaning those using digital technologies to transform their businesses, are excelling in the three Is.

They are doing so embracing hosted and managed solutions by integrating internal and external data; drawing new intelligence from it to improve working environments, decision-making, agility and client-centricity and then safeguarding the integrity of this data with the highest levels of cybersecurity.

Despite the quickening and rapid pace of digital innovation though, many investment firms – the “digital laggards” – are moving slowly to embrace new technologies like the cloud and hosted and managed solutions, when compared to their digital leader peers.

Lots of firms are now applying robust cybersecurity measures to ensure data integrity while firms are also aligning front, mid- and back office functions to better service them selves and clients and the same number of leaders are fully harnessing data and analytics to improve decision making and make their business more efficient in the digital era.

firms and start-ups Storm IT Financial serve – almost half say technology is redrawing the marketplace. Most say digital transformation is important for the future of their organisation.

There are a number of steps digital laggards need to take to accelerate their journey to a digital future: challenging the operating mod- el by adopting an agile, fail-fast approach to innovation, considering partnerships with managed service providers (MSP’s) like Storm IT Financial, technology firms or acquisitions of start-ups that can help organisations move toward a more inventive culture; future- proofing the digital architecture by instilling an IT infrastructure that can withstand increasingly complex investment portfolios and regulatory requirements while saving money; and acting as a trusted partner for the digital age by developing a broad set of policies that entrench the right protection for customer data across every process and level of the organisation.

Digital transformation is driving a seismic shift in the investment industry. At Storm IT Financial, we’re focused on how deep-rooted digital innovation can generate new and real value for our clients. The three I’s of data enable financial leaders to develop highly per- sonalised, data and cloud driven products, hosted and managed, that appeal to a broader range of clients, their investors and the regu- lators they need comply with. By increasing the ability of institutions to understand and act to their investors’ and regulators needs, the three I’s enable the financial firms of the future to create transparent, flexible services that increase trust and confidence in the sector redefining stewardship for the digital era.

New digital technologies will enable investment firms and alternative investments companies to provide a more fluid, dynamic and in- teractive investment experience for themselves, their employees, regulators and give peace of mind to their investors they are safe and protected. Moreover, this will help the industry to deliver the type of personalisation investors, clients, regulators and employees are increasingly demanding, at scale. Investment Firms that neglect to understand and embrace emerging technologies from Cloud, Block- chain to Artificial Intelligence (AI) will also fail to remain competitive in this new internet driven era of finance, while those who live and breathe the digital revolution will be those who define the future of the sector.

For further advice and assistance on hosted or managed solutions or if you have any Hedge Fund/Alternative Investment technology query, call Storm IT Financial.

Storm IT Financial FinTech News & Trends picks: Week 17th April – 21st April 2017

Cloud migration and disaster recovery of load balanced multi-tier applications

Microsoft Azure virtual machines availability rolled out for Azure Site Re- covery customers:

https://azure.microsoft.com/en-us/blog/cloud-migration-and-disaster- recovery-of-load-balanced-multi-tier-applications-using-azure-site-recovery/

Microsoft to roll out new Windows 10, Office feature releases twice annually

Microsoft is now going to release Windows and Office 365 updates to- gether on a regular schedule:

http://www.zdnet.com/article/microsoft-to-roll-out-new-windows-10-office-feature-releases-twice-annually/

How a data-driven culture enables innovation and empowerment in an adaptive enterprise

How to make the most of the data that fuels the digital economy and drives business transactions:

http://www.cio.com/article/3187947/cloud-computing/how-a-data- driven-culture-enables-innovation-and-empowerment-in-an-adaptive-enterprise.html

Euronext Tech 40 issuers outperform

Euronext has announced the new composition of its Tech 40 label:

http://www.hedgeweek.com/2017/04/20/250842/euronext-tech-40-issuers-outperform

New IoT services from Microsoft Azure promise to make managing con- nected devices way easier

Microsoft improves its IoT connection for Azure customers with a new service that makes it easier to manage connected devices:

http://www.geekwire.com/2017/new-iot-services-microsoft-azure-promise-make-managing-connected-devices-way-easier/

Microsoft’s Acquisition of Deis and What the Deal Means for the Cloud Space

Tech giant announces the acquisition of cloud technology company Deis and hopes that will give them a boost:

https://solutionsreview.com/cloud-platforms/microsofts-acquisition-of-deis-and-what-the-deal-means-for-the-cloud-space/

What the Enterprise Needs to Know About the AWS Summit

AWS held their annual summit Wednesday and here’s what was announced:

https://solutionsreview.com/cloud-platforms/what-the-enterprise-needs-to-know-about-the-aws-summit/

London fintech startup investment is on the rebound in the first quarter of 2017

Investment into fintech startups in London is on the rebound, fresh figures suggest:

http://bit.ly/2oNzUUG

The key themes underpinning the continued momen- tum for UK cloud adoption

Rate of cloud adoption has increased by a whopping
83% since 2010:

http://bit.ly/2o2HFaA

Microsoft Inches Toward a World Without Passwords

Microsoft announced the availability of a system that could be the beginning of the end for passwords:

http://bit.ly/2oRf9HA

IT Policies for a More Secured Use of Cloud

For companies operating in the FinTech market, there are security standards to follow:

http://bit.ly/2pYXPxU