Victoria Mutual takes DSTi's BPM automated work distributor platform

Victoria Mutual, a Jamaican financial services firm with operations in the UK and Canada, will implement DSTi's business process management (BPM) product. The platform, known as AWD (Automated Work Distributor), will allow Victoria Mutual to fully automate its processes over the next three years. The firm selected AWD as it offers an open architecture and is designed to accommodate any number of users in order to cope with business growth. It is expected that the platform will also reduce paper

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A rough race begins: Industry faces uphill transition to T+1 settlement

With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue industry needs a longer timeline.

Build versus buy: How to evaluate your software

For as long as the investment management industry has used software, there has been a debate about whether asset managers should build or buy their tools. Jonas Svallin, global head of quantitative research and product development at FactSet, argues that…

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