Operations: Swinging the axe at data management costs
Operations: Swinging the axe at data management costs A not-for-profit industry ‘utility’ has demonstrated it can slash data management costs related to MiFID II. Alex Rolandi speaks to those involved, asking about the project’s future – and where the cost reductions are made. In December last year, The Investment and Savings Alliance (Tisa) launched a blockchain-powered tool aimed at reducing data management costs within the funds industry. Since its inception, it has claimed to save firms involved in the project sums in excess of £100,000 (€115,600). Participants – which inc...
Source: funds-europe.com