WinTraC is a state-of-the-art system which supports pre, post and real-time trade compliance requirements.
Wealth management firms are considering digital strategies to modernize their go-to approach, meet customer expectations and increase business profitability. The industry is experiencing strong headwinds due to high cost and regulatory pressures, evolving investor preferences driven by ongoing demographics shift, and increased competition from passive funds.
Cyber-attack threats are on the rise, and the cost of Cybercrime continues to increase in the financial services industry. In the next five years, Cybercrime cost is expected to increase by 40%. Although large-scale cyber-attacks have occurred over the past 15 years in the form of distributed denial of service, data theft, loss of intellectual property, and cyber fraud, their impact has grown faster than the firm’s ability to prevent and recover from it.