Most financial services firms have qualified internal technology resources and market knowledge and as a result they have a genuine choice between licensing products from independent software vendors (ISV) to advance their business or develop their own technology solutions.
Technology can be a valuable differentiator in our industry and the resulting intellectual property can have value all on its own. As a result, internal software build may be a viable choice but it can have its own drawbacks. Assessing whether the firm will be able to support ongoing IT and analyst resources to document and maintain the application is critical. Comparing the costs of taking on a large build solution when measured against licensing software from a proven vendor can show a wide gap when there are market ready solutions available.
KRM22’s Global Risk Platform provides applications to help you address your firm’s regulatory, market, technology and operations risk challenges and to manage your entire enterprise risk profile. KRM22 is a public Group listed on AIM and headquartered in London.