Today’s quick-paced, information-rich businesses are full of data that can be classified, collected, tracked, stored, archived, and potentially located. No successful business can hide from the need for accurate business records management. Across the industry, organisations are searching for tools to help them achieve corporate compliance. But despite existing in the new era of cloud computing and ever evolving technology, many organisations remain dependant on a 20th century, manual process when it comes to records managements.

Counterparty credit risk remains a multi-faceted problem and over the past few years institutions have had to approach it in stages. Since it is such a complex issue to address institutions are increasingly looking to vendors for solutions. The issues of massive data management, scalable technology infrastructure and advanced credit analytics have been looked at ad infinitum, however the recent crisis has brought a renewed focus to the subject and increasingly vendors are leading the way with innovation and best practice.

Understanding the underlying problems that create risk within the processing of corporate actions now demands a much more strategic thought process. Many have invested in people to research and interpret the details of a corporate action. However, this has proven to be costly, time consuming and open to significant risk of errors. To mitigate this, the investment has been redirected towards a technology solution. In reality, what is needed is the “perfect storm” between the people, the infrastructure and the technology.