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Why CBNY

DEC-2013 – Statement on consumer confidence?

CBNY recently participated in a forum discussing popular opinion of US financial institutions. Confidence hit an all-time low during the 2008 financial crisis, specifically because the average investor believed banks were taking dangerous risks to the detriment of their customer portfolios. Because of this popular sentiment, the financial realm has had to make a bigger effort to differentiate themselves as responsible enterprises with risk-aversion and transparency as core values.

 

NOV-2013 – CBNY responds with new protocols for auditing document downloads

It’s up to the corporations to ensure the communication protocols are in place for customers. What technology these leaders will adopt from their service providers is a statement of transparency to their clients. We’re talking about lifecycle capture of a business procedure and timestamp reporting functionality. The technical burden is on the corporation to leverage feature sets for clients who will inevitably require their own unique reporting solutions, too. So, companies like Blotter are accomplished technologists who have a methodology that allows software components to be integrated for anybody in the workflow chain.

 

OCT-2013 – CFTC Gets more involved

We are watching the government become involved in more types of corporate workflow activities, first derivatives and certain types of foreign exchange, but later businesses who promise regular file management solutions to their clients. At least that’s what Dodd-Frank aims to accomplish. But since politicians don’t practically solve problems, it’s left to the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to enforce new standards, and the technologists must respond in turn. The shift occurs when the market responds with its participation. We are seeing that now.

 

SEP-2013 – How old is the cloud at large institutions?

Arguably, it was the Electronic Communication Network (ECN) model was implemented by NASDAQ in 1971. The underlying efficiency that has resulted as a result of this milestone changed our world forever, specifically the automation of pre- and post-trade management for back-office operations. The ECN model has resulted in open access for moms and pops to become active in trading asset classes previously reserved for dealers and banks only.

 

AUG-2013 -Tools used to address Dodd-Frank

Technology is the best tool for responding to these conventions because when equally distributed, it trends toward transparency and open competition. But we’re also very guarded of a client’s proprietary models. We have to strike the acceptable balance using technology as the great equalizer. In this fashion, we welcome and commend the government’s work to enhance the safety and soundness of the markets, and not just because we’ve already integrated risk controls and open access for clients.

 

JUL-2013 – Critical Issues impacting the financial industry

Our clients use a file management system (FMS) to push files to customers. Many of our clients will utilize an FMS to publish files to individual customers or to customer groups. By providing a secure environment where employees, customers or potential customers can access files, an FMS is a powerful management system existing in the cloud and adhering to the latest security and compliance protocols. Companies use our FMS to help organize and catalog files, making it easy to track who updates files, when they are updated and who receives them. We place a large emphasis on reputation, security and compliance.