Compliance news from FierceFinanceIT

In many ways, the global financial crisis has been good for the many companies that sell hedge fund services. Third party administrators have certainly benefitted, as their services are being... Read more...

Can it get any worse? That's a fair question when it comes to IT spending in the banking sector. The fact is that most banks were forced to ration their IT spending dollars in 2009. Celent predicts... Read more...

Last year, roughly 20 percent of all hedge funds closed shop. In the process, customer expectations radically changed, highlighting the need for better technology at just about all levels of... Read more...

The economy is not making it easier for financial services firms to boost their IT budgets. While people talk about green shoots, we're also seeing some reports that tech spending this year may be... Read more...

The IT budget remains constrained, but some projects are seen as mission critical. So what to do? Follow the time-honored path and start hiring more IT consultants. Which is what seems to be going on... Read more...

You can count on more regulation of alternative investment providers, but the exact shape of the new regulation is still unclear. From the IT side, executives should at least be gearing up for more... Read more...

Are we seeing signs of life when it comes to technology spending? There are reasons to think the worst may be over. Goldman Sachs surveys big companies monthly and has detected a slight shift as of... Read more...

Much of the hedge fund industry is resigned to more regulation, which we all expect in some form this year. Some are already starting to embrace the kind of IT infrastructure they think they'll need... Read more...

IT spending by hedge funds will fall 20 percent this year, according to Celent. Most funds are in stretch mode already, except when it comes to mission critical issues, such as compliance. Some... Read more...

Are the stars aligning for IBM's data governance initiative? The financial world is legitimately obsessed with risk at the moment, just as XBRL is becoming a standard financial reporting format for... Read more...