This year’s Financial Services Institute (FSI) OneVoice conference turned out to be one of the most productive forums for engaging with decision-makers.
At first, attendance at the summit, held from January 23-25 at the San Francisco Marriott Marquis, may have appeared a bit lower than in previous years due to industry consolidation. However, the audiences at the keynote addresses and panel discussions—and the attendees who stopped by the Docupace booth—were mostly senior leaders and executives, and this rich concentration of higher-ups made the conference the ideal place to meet the right people. Right from the get-go, the DOL Fiduciary Rule…read more
Cyber security is a constantly evolving field. As soon as experts manage to contain one threat, hackers move on to another. It's a constant game of cat and mouse that will likely never end.
Of course, this doesn't mean financial services firms should neglect their cyber defenses. Security is a moving target, and organizations need to be constantly reevaluating their preventative measures. Therefore, with 2017 on the horizon, it's important to start thinking about how cyber security will change in the new year. Let's take a look at what challenges IT departments can expect to face in the coming months.read more
All industries evolve and the Financial Services industry is bracing for a tidal wave of change that is over twenty years in the making. The applicability date for the DOL Fiduciary Rule is April 10, 2017. In an industry that has been trying to adopt true digital processing for over two decades, this rule presents a significant push for change and significant challenges for Broker-Dealers, particularly those who continue to rely on home-grown, slow moving legacy systems, and those who have not been successful with transitioning their advisory force to digital processing. With less than eight months left, will firms be able to jump the Great Broker-Dealer Chasm of 2017 or will they fall...read more
The great irony for the financial services industry in trying to reach millennials is, despite young adults’ interest in building and passing along wealth, they are reluctant to engage with wealth managers.read more
Data breaches are an increasing issue for companies. Even small organizations are not safe from attacks, and cyber security has become a major investment. The Federal government is in the midst of passing laws to protect and better facilitate direct action on behalf of affected organizations.read more
Docupace and Security Snapshot to Extend Cyber-Security Management Solutions for Financial Services Firms
SEC/FINRA Compliant and Secure Straight-Through Processing Platform and Security Solutions Provider to Deliver Holistic Cyber-Security for Broker-Dealers and RIAs LOS ANGELES – (MAY 13, 2015) – Docupace Technologies, LLC (“Docupace”), a provider of SEC/FINRA-compliant paperless processing systems, announced today that it is joining with leading computer security services company Security Snapshot, LLC (“Security Snapshot”) to deliver comprehensive cyber-security solutions for financial services firms. The agreement is expected to fuse Docupace, the only secure, SEC/FINRA-compliant and paperless straight-through processing platform in the financial...read more
When you begin using Docupace (or frankly any imaging solution), one of the first questions you should ask is “Am I only going to scan in my ‘day forward’ (new documents) or am I also going to scan in my old documents “? If the answer is “New and old”, you will be quickly kicking off a Back Scanning project. Before starting this project however, it is important you answer some key questions: When will you start back scanning: Immediately, wait a few months, etc.? Who will do it: Existing staff, temp, outsource, etc? When will they (staff) do it: An hour a day, full time to completion, 2 clients a week, etc.? Do I have the right scanner: Should I purchase...read more
“Docupace is a welcome addition to our technology platform, allowing us to continue to provide our independent Financial Professionals with a competitive edge in a fast paced and regulated industry,” said Wilson Williams, Founder and Chief Executive Officer of Williams Financial Group. “Our goal was to create immediate operational efficiencies, reduce costs, improve service and streamline office workflows for our affiliated field of Independent Financial Professionals.” WFG now has the flexibility to retrieve their documents anywhere they can get on the Internet, turn their office paperless and achieve critical redundancies. Click here to read the full press...read more
This was in a recent article in Investment News by Dan Jamieson. The Securities and Exchange Commission yesterday approved a plan by the Financial Industry Regulatory Authority Inc. that will create a new operations professional license, with a qualification exam and continuing-education requirements. The new rule marks a substantial expansion of registration requirements to include back-office personnel. Registration has historically been limited to individuals working in sales or trading. Finra will be announcing an effective date for the rule within the next two to three weeks, said Finra spokeswoman Nancy Condon. From the effective date, Broker-Dealers will have 60 days to identify...read more