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
MayStreet founder says LSEG abandoned integration in new court filing
In response to LSEG’s motion to dismiss a lawsuit filed by the founder of one of its acquired companies, lawyers for Patrick Flannery have offered more details around communications between MayStreet and the exchange group.
As outages spread, it’s time to rethink how we view infrastructure technology
Waters Wrap: First AWS and then Azure. And these are only the most recent of significant outages. Anthony says a change is needed when it comes to calculating server migrations.
LLM firms come for finance, BMLL gets bought, LSEG users get Preqin feeds, and more
The Waters Cooler: Tradeweb completes fully electronic RFM swaptions trade, IBM cashes in on digital asset mania, and more frights and delights in this week’s news roundup.
TMX’s CEO wonders if tokenization is a ‘solution looking for a problem’
While acknowledging the potential of tokenizing securities, John McKenzie said regulators shouldn’t move too fast, and let customer demand drive adoption.
Bolsa Mexicana embarks on multi-year modernization project
Latin America’s second largest exchange is embracing cloud and upgrading its infrastructure in a bid to bolster its global standing, says CEO.
S&P’s $1.8 billion buy, an FIA restructure, a tokenization craze, and more
The Waters Cooler: CAIS creates CAISey, BNY deploys EquiLend, and more in this week’s news roundup.
Bloomberg integrates AI summaries into Port
One buy-side user says that while it’s still early for agentic tools, they’re excited by what they’ve seen so far.
Larry Fink: ‘We need to be tokenizing all assets’
The asset manager is currently exploring tokenizing long-term investment products like iShares, with an eye on non-financial assets down the road.