Fully Operational?

The credit crisis of 2008 revealed, again, the structural data management problems endemic in the industry. As financial firms have expanded into the global market-place, developing new and esoteric products, investment in front-office systems has dwarfed investments in the back-office support function. The lack of dollars spent on operations development has led to a set of systems and processes held together with chewing gum and bailing wire that can barely support the increasingly complex