Back-office systems: Innovate before it's too late

Back-office systems: Innovate before it's too late

clock

Bringing old technology up to speed with current digital trends is vital to ensure the survival of the UK's financial services sector, argues Colin Dean

If further proof was ever needed, the Financial Conduct Authority’s Project Innovate once and for all dispels any myths that Britain's financial services sector lacked a commitment to finding new ways to engage with clients.  Set up to help firms "bring new and innovative ideas to financial services markets", the initiative is an excellent example of how a watchdog can actively engage with regulated entities, to explore ways within an evolving regulatory framework, and for emerging trends to be explored and tested. But while the project should go a long way in reducing the likelihood ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

What to expect from AI in financial advice in 2025

What to expect from AI in financial advice in 2025

AI has already taken root in many of our daily lives

Nick Eatock
clock 16 January 2025 • 4 min read
Majority of IFAs have no plans to use AI in their practices

Majority of IFAs have no plans to use AI in their practices

Advisers divided on the pros and cons of AI

Isabel Baxter
clock 14 January 2025 • 2 min read
Keeping pace with technology: What next for robo-advice?

Keeping pace with technology: What next for robo-advice?

'Robo-advice as a term probably won't survive'

Dilan Oylum
clock 07 January 2025 • 4 min read