3. The size of the Global
Financial Market was
estimated to be more
than US$198 Trillion*
in 2011
*Source: McKinsey & Company, “Mapping global capital markets 2011”
4. Billions of dollars worth
of trade were done
daily between the
Financial Institutions
via the Financial
Exchanges
5. The key to success in
the Financial Market is
largely dependent on
receiving accurate and
timely market data
8. An contract was made
for each product and
service the Financial
Institution subscribed
to. These contracts
were kept as part of
the market data
inventory
16. These breaks were
mainly caused by
Lack of expertise to handle
systemic problems in Market
Data Management
Aging Market Data
Inventory Systems
Complexity of the product
charges in contract agreements
Inability to forecast the market
data usage
17. 1. Incomplete inventory due to
mismatch
As a result, the
2. Inaccurate, incomplete and
Financial Institutions
confusing Market Data reports
are Unable to optimized
usually faced with
3.
resources fully as dedicated
the following issues:
resources are required to
handle those issuesthe
4. Inability to reconcile
general ledger to information
reports
5. No time or capacity to focus
on value adding tasks
18. At Cost Optics, we
provide dedicated
solutions and expertise
to help overcome
those issues faced by
the Financial
Institutions
28. At Cost Optics, we
recognize that our
people are the most
valuable assets, and
we strive to provide a
vibrant and dynamic
work culture for our
people
39. “I went“What IAsia Financial Conference in Hong Kong and it to have a say into hearthings that are related tobanking
to the enjoy most about working CO is that we get was a pleasure many senior members of the us, from
choosing our own team members and Having worked in the financial vendor space for over 5 years, I can honestly
industry continuously praising our work. to choosing the paint on our walls etc, which is fun and at the same time gave
me a strong sense of belonging to the company. With that, we felt so excited about company’s growthof something we
say that never can all work together towards a better and potential.”
are part of and at theMya Hansrani, Sales
– same time have fun!”
– Yuri, Expense Management
“Refreshing and interesting management style. I am blessed to be working in a
team-spirited organisation.” – Lynn, HR & Administration
At the end of each period, the FI will receive invoices from all the vendorsThese invoices will be reconciled based on the contract agreements, and ideally, it should matchedHowever, the reality is that many of the invoices were unab!
At the end of each period, the FI will receive invoices from all the vendorsThese invoices will be reconciled based on the contract agreements, and ideally, it should matchedHowever, the reality is that many of the invoices were unab!
At the end of each period, the FI will receive invoices from all the vendorsThese invoices will be reconciled based on the contract agreements, and ideally, it should matchedHowever, the reality is that many of the invoices were unab!
Main factors that causes the break during invoice reconciliation- Lack of expertise to handle systemic problems in Market Data Management- Aging market data inventory systems- Complexity of the product charges in contract agreements Inability to forecast the market data usageAs a result, these led to multiple issues for the Financial Institutions: Incomplete inventory due to mismatch Inaccurate, incomplete and confusing Market Data reports Unable to fully optimized resources as dedicated team are required to handle these issues Inability to reconcile the general ledger to information reports No time or capacity to focus on value adding taskshttp://www.iconarchive.com/show/icons8-metro-style-icons-by-visualpharm/Sections-of-Website-Solutions-icon.html
