Wavelength Podcast Ep. 191: Vendor Due Diligence During the Pandemic
IHS Markit’s Richard Blore joins the podcast to discuss challenges around vendor due diligence during the coronavirus pandemic.
Wei-Shen Wong, Asia Editor, and Anthony Malakian, Editor-in-Chief of WatersTechnology, record a weekly podcast touching on the biggest stories in financial technology.
To hear the full interview, listen in the player above, or you can click on the download button in the player above.
This week, Richard Blore, CEO of KY3P, a company of IHS Markit, joins Tony on the podcast. They talk about the challenges of vendor due diligence, particularly during this tumultuous time. Then, they discuss some of the broader trends firms need to address, including automation, cyber resilience, and the possibility of some fintech startups running into cash flow issues.
3:30 – Wei-Shen and Tony talk about how machine learning models have performed leading up to the pandemic, and how this time is testing ground for these models, and also for emerging technologies.
11:30 – Richard joins the podcast and gives an overview of his career and how he stumbled into the capital markets. Before joining IHS Markit in late 2019, he spent 10 years at Goldman Sachs, and before that, at Coca Cola, International Aero Engines, and Rolls Royce.
15: 30 – Then, he explains how KY3P’s Significant Event Notification and Tracking (SENT) capability works.
19:00 – Richard talks about how for the Covid-19 outbreak, KY3P identified and asked six questions relating to the pandemic. He discusses some of the common pain points firms have.
25:30 – Tony and Richard review some wider trends that firms need to address. Will automation projects receive more attention and investment?
30: 30 – What are the unique challenges that fintech startups face in light of cash flow constraints?
32:30 – They talk about how firms should pay greater attention to cybersecurity issues when it comes to vendor due diligence.
37:00 – Richard says firms will need to stay closer to their core vendors and better understand the full supply chain of the organization.
39:30 – Then, he previews some projects KY3P is currently developing.
Contact Info:
As is the case with everything we do, we'd love to get some feedback from our listeners.
Wei-Shen Wong: + 852 3411 4758; wei-shen.wong@infopro-digital.com
Anthony Malakian: + 1 646 490 3973; anthony.malakian@infopro-digital.com
Past 10 episodes:
Episode 181: M&A News; Limitations of AI
Episode 182: Third-Party Resiliency & Regulatory Pressure
Episode 183: Transforming the Workforce
Episode 184: Broadridge’s Mark Schlesinger
Episode 185: Gamer Tech & Data Mining
Episode 186: NLP and Transformer Models
Episode 187: Digital Asset on Blockchain Issues
Episode 188: OpenFin’s Mazy Dar Talks Interoperability
Episode 189: Coronavirus & the Asset Management Landscape
Episode 190: Itiviti’s Gefen on Covid Lessons & SSEOMS Migration
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
The total portfolio approach gains momentum: Building the right tech foundation for success
The rationale for the TPA, and the crucial role technology plays in enabling such an approach
Google, CME say they’ve proved cloud can support HFT—now what?
After demonstrating in September that ultra-low-latency trading can be facilitated in the cloud, the exchange and tech giant are hoping to see barriers to entry come down.
Institutional priorities in multi-asset investing
Private markets, broader exposures and the race for integration
BlackRock and AccessFintech partner, LSEG collabs with OpenAI, Apex launches Pisces service, and more
The Waters Cooler: CJC launches MDC service, Centreon secures Sixth Street investment, UK bond CT update, and more in this week’s news roundup.
TCB Data-Broadhead pairing highlights challenges of market data management
Waters Wrap: The vendors are hoping that blending TCB’s reporting infrastructure with Broadhead’s DLT-backed digital contract and auditing engine will be the cure for data rights management.
Robeco tests credit tool built in Bloomberg’s Python platform
This follows the asset manager’s participation in Bloomberg’s Code Crunch hackathon in Singapore, alongside other firms including LGT Investment Bank and university students.
FCA eyes equities tape, OpenAI and Capco team up, prediction markets gain steam, and more
The Waters Cooler: More tokenization, Ediphy lawsuit updates, Rimes teams up with Databricks, and more in this week’s news roundup.
Buy-side data heads push being on ‘right side’ of GenAI
Data heads at Man Group and Systematica Investments explain how GenAI has transformed the quant research process.