According to a recent Greenwich report – “The introduction of Fundamental Review of the Trading Book (FRTB) coupled with the onset of the COVID-19 pandemic has created a unique opportunity for banks to rethink their architecture and risk management process—a dynamic that will influence competitiveness in the next few years. As a result, growing interest in the cloud is becoming an important part of this transformation. The perfect storm of decentralized working conditions and the rigorous computational demands of the rules has risk teams rethinking legacy systems and on-premise deployments to keep up with an evolving regulatory and work-culture environment.” See https://bit.ly/3GBtZXe
Also another recent report from #theValueExchange highlights Data, ESG, Performance & Analytics as key transformation projects for asset owners. See https://bit.ly/3Lmvnkn
