6 key trends driving operational and technology decisions

By Eric Rocks

The global investment marketplace is constantly evolving and keeping up is a competitive necessity. To effectively manage your business growth, you must optimize your operations and anticipate market changes and new requirements. The financial industry has grown exponentially over the past 30 years, and better technology has enabled investment teams to manage this growth and its accompanying complexity effectively and efficiently.

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Access – a key issue of cyber risks

By Lisa McLaughlin, Information Security Officer

Today, cyber threats are real and ever changing. In response, regulatory rules must constantly evolve in attempt to mitigate this dynamic threat. In the first of this two-part blog series, we’ll take a look into the complex roles of in-house attorneys and security professionals, and how they are intrinsic to the success of your business by protecting your organization’s sensitive information.

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What to look for when hiring a data center vendor

By: Bob Schwartz

Computer technician in server room

Managers must do their due diligence to ensure an outsourced vendor adheres to the highest data center standards. Managers should hire vendors that can protect data from external threats whether malicious or environmental, and demonstrate the highest business continuity and data security standards.  

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SS&C Deliver: Thanks for Three Perfect Days

By: Kendall Reischl

We’ve all read those “Three Perfect Days” travel features in the inflight magazines, right? Well, we couldn’t have asked for three better days than SS&C Deliver 2016 in San Diego.

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SS&C Chairman and CEO Bill Stone set the tone in his welcoming remarks, when he said, “We are only as good as our clients’ success.” In the time since SS&C acquired Advent, the company has continued to pursue companies that are a good fit for clients, acquiring Varden, Primatics, and Citi Fund Services. Acquisitions enable SS&C to add solutions that clients need to be successful without building them from scratch, Bill explained, noting that the company has also invested an eight-figure sum in R&D this year.
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Today’s Investors Demand More From Their Hedge Funds

By: Ron Tannenbaum

Business handshake

Today’s savvy institutional investors demand more from the hedge funds in their portfolios. They expect hedge funds to consistently deliver sustainable performance, effectively manage cyber threats, hire the best service providers, and be flexible with their fee structures. Are you doing the right things to keep your investors happy? Continue reading

SS&C Deliver Session & Lab Sign-Up Now Open

By: Holly Crisson – SS&C Advent’s Events Senior Manager

We are less than two months away from SS&C Deliver. I’m excited to be heading to San Diego this September 13-15 to be a part of the first conference since joining forces with SS&C. Continue reading

How has vendor due diligence (DDQ) changed in a world of cyber risks?

By Lisa McLaughlin and Graham Davies

Businessman and businesswoman working

The SS&C CTO Forum earlier this month was an opportunity for Chief Technology Officers to get together to share information and discuss topical issues in an informal and open manner. The topic of this form was due diligence and here’s what we found.

The consensus: as we make our way around the world, cyber risks are a hotter topic, which goes up to the board level and most likely here to stay.

What’s the importance of due diligence?

To understand or to measure an organization taking into account where your data is; should include performing a due diligence on your vendors.

Attendees agreed! It’s a shared responsibility – Investor protection and market integrity encompasses the attention of the regulators, data controllers and processors expectations.

“Prior to cyber risks being forefront, DDQ was more about monitoring your vendors and their capability to provide services where firewalls were certainly once good enough”

Panelist and Director of Information Security at SS&C Graham Davies noted in his observation the past 3 years, the number of due diligence requests from clients, prospects, and investors has doubled each year. The complexity and number of questions in due diligence questionnaires have also increased and it is not uncommon to receive 200+ questions relating to information and cyber security.

What is the Drivers of the Due diligence process?

Cyber risks bring big demands in the regulatory landscape. The growth of due diligence is driven by the Regulators with the SEC being a vocal point in terms of protecting investors, assessing cyber risks launching their first sweep on cyber security in April 2014.

The media buzz has also played its part in ensuring that cyber security is a regular board meeting topic of discussion, and as a key vendor, SS&C are often asked to present its controls and strategy to address cyber security risks.

How dense does your organization go when assessing your vendors?

Assessing your organizations risk must include assessing the risk level of your vendors- follow the data.  How deep depends on the sensitivity or classification of information held along with the amount of data the vendor has access to.

In summary, cyber security due diligence has become a mandate in a world of cyber. By adopting standardized due diligence questionnaires such as that from Aponix and the Alternative Investment Technology Executives Club (AITEC) creates transparency in implemented controls, but also gain efficiencies while meeting regulatory responsibilities.

Standardizing allows for a seamless vetting process!

A special thank you to the panelists and we look forward to seeing you at the next SS&C CTO Forum.