Market Positioning
As investment institutions continue their drive for significant cost savings in the back office AND focus on core, revenue-generating areas of their business, they are faced with:
A number of issues from inside their own organisations:
- An increase in the complexity of trades.
- Increased volumes.
- Legacy technologies or at best a lack of integrated systems/architecture.
- The need to improve customer service to ensure client retention and new client acquisition.
- Potential new income streams e.g. insourcing.
- Outsourcing and off-shoring.
AND an ever increasing series of external drivers:
- Changes and Increases in regulation e.g. the EU`s Markets in Financial Instruments Directive (MiFID); the Capital Requirements Directive (CRD) and the Common Platform; Sarbanes Oxley; the Single Euro Payment Area (SEPA).
- The narrowing of margins and spreads resulting from increased competition.
- The growth and expansion of emerging markets.
- The emergence of alternative investment products.
- The emergence of new electronic trading networks.
- The emergence of other types of financial intermediaries eg Hedge Funds, Funds of Funds.
- Natural and terrorist disasters.
All demand time, resources and capital investment on a significant scale.
Against this backdrop, there is also an increasing recognition that transaction processing provides little or no competitive edge if performed well, whilst a mediocre back office can have a disastrous effect on business.
BRAXXON is a specialist provider with a proven track record, reaching back to the 1980s, of working with clients in the FINANCIAL MARKETS precisely addressing such issues and delivering real value. Today, based upon a combination of industry knowledge, business management and technology expertise, its services are focussed on the COST EFFECTIVE RE-ENGINEERING of corporate processes and systems.
The Bank of International Settlements (BIS) defines Operational Risk as "the risk of direct loss resulting from inadequate or failed internal processes, people and systems or from external events". Many institutions have customised this definition to include specific references to technology, change management and reputation risk. By improving operating efficiency, in the correct way, these operational risks will be reduced. Similarly, by addressing operational risk in the wrong way by, say, the introduction of inappropriate controls, operating efficiency may well decrease with consequential increases in cost.
Working with clients to improve their processes and systems in order to enhance their OPERATING EFFICIENCY and to mitigate their OPERATIONAL RISK; this is BRAXXON`s business.