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Last week, I attended SIFMA’s Fintech conference in New York. I sat through panels discussing the topics of the day in financial services operations – emerging technologies, the ever-evolving regulatory landscape, you name it. Overall, it was an engaging event with interesting insights into how fintech is transforming the financial services sector. As I reflected on the...

It’s indisputable that fintech is rapidly changing the landscape of financial services. It seems as though there’s a new innovation every day promising that Mutual Fund asset managers can leave their outdated legacy systems behind. Broker-dealers have been particularly hampered in recent years due to where they sit in the mutual fund supply chain. They...

The SEC voted on Wednesday to delay the compliance date of the classification requirement of the Liquidity Rule in what turned out to be a whirlwind of a week for the regulatory body. With a delay now formalized, fund firms with more than $1 billion in assets now have till June 1, 2019, to comply...

For some people, taking a sales meeting is on par with going to the dentist — they’ll avoid it at all costs. Avoiding the dentist due to an unreasonable fear will eventually come back to haunt you, just like skipping an informative sales call could mean missing out on the latest industry technology — ultimately impacting your...

There have been multiple developments suggesting that Rule 22e-4 (“the liquidity rule”) is likely to be significantly watered down or, at least, delayed. Earlier this month, ICI sent a letter to the SEC urging the regulator to delay the compliance date by a year to ensure firms are well prepared. This postponement would appear to be in...

As we highlighted in our last post, corporate actions play a crucial role in the day-to-day management of mutual funds as well as the Broker-Dealers, Bank Trusts and Record Keepers that distribute them. Once the corporate action blast email is sent out and received by distributors, a multi-step process, chock full of obstacles and risk begins. Deciphering what’s being communicated...

The House finally released a draft of their tax reform plan, and for right now, it looks like they will be leaving 401(k) contributions alone. Back in April, I wrote about how the Trump administration was looking at changing the deductibility of 401(k) deferrals as a way to fund their projected reduction in tax revenue. The administration was...

Delta Data recently attended NICSA’s 2017 General Membership Meeting in Boston to gain a deeper understanding of what’s driving innovation in the financial services industry. The day passed quickly with keynotes, panel discussions, and roundtables with industry experts, and we gleaned some interesting insights into what the future of financial services may hold. If you missed the...

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