sell side - fis · sell-side risk and compliance executives have borne the brunt of the work to...
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Sell Side:LEVERAGING RISK AND COMPLIANCE FOR GROWTH READINESS
Sell-side risk and compliance executives have borne the brunt of the work to ensure that their organizations are fit for purpose. But with better access to data and more advanced technology, they can deliver faster and deeper insights and support their firms’ growth ambitions.
The hunt for growth is on. Are you ready to rise?
*All data is sourced from a global survey of 400 sell-side decision-makers, including risk and compliance executives, by FIS and Longitude that was conducted between March and May 2017.
Countries adopting protectionist policies
31%
Political shi�s and accompanying policy changes
27%
Disruptive threat posed by new market entrants*
32%
By focusing on six operational principles, you can reap the rewards.
TalentCustomer Experience
Digital Innovation
Emerging Technology
Data Management
Automation
+ + + + +
What’s your growth readiness?Are you ready to rise?
What do they believe are the biggest threats to their organizations?
Risk and compliance executives are gloomier than other respondents about the regulatory environment.
However, they’re more confident in their operational capabilities …
71% believe regulation will remain a
significant hindrance to their businesses
over the next 12 months, compared
to 59% of all executives surveyed.
53% say their current technological
capabilities are not strong enough
to fully support their growth plans,
compared to 48% of executives overall.
38% say their operational
capabilities are not fit for growth, versus 46% across
the industry.
Download the full research report, The FIS™ Readiness Report: The Hunt for Growth Across the Sell Side, or contact us today at [email protected].
Master data management
Risk and compliance executives are more likely to worry that their organization’s data management capabilities are not up to scratch. Only 49% rate their ability to
combine external data with internal organizational data as e�ective, versus 61% overall.
And 51% believe they are e�ective at visualizing and simplifying complex data, compared to 62% overall.
44% Clearing and settlement
38% Collateral management
34% Regulatory reporting
Blockchain
Embrace emerging technology
Risk and compliance executives believe emerging technologies can play a crucial role in supporting growth and strengthening risk management. How would they apply it?
46% Regulatory and compliance
43% Automation of operations
37% Risk management
Artificial intelligence
Evaluate the talent mix
Risk and compliance executives believe a broad range of digital skills will be important to growth, but they worry about talent gaps.
66% say big data and analytics expertise will be key to growth in the next 12 months, but only 44% see their in-house talent as good.
64% cite digital change skills as important, but only 58% say their skills are good.
57% rate so�ware development as important, but only 44% say their in-house development is good.
Accelerate digital innovation
Risk and compliance executives are most concerned about three obstacles to digital innovation:
Cyber risk
40%
Complex legacyIT systems
40%
Regulatory risk
36%