Goldman sachs us fincl services conf panel discussion dec 2015
Post on 14-Apr-2017
287 Views
Preview:
Transcript
Solutions overviewGoldman Sachs US Financial Services Conference \ Dec 8th 2015
The Science of Finance
Michele TrogniGlobal co-head of Solutions, Managed Services
\ 2
Our divisions
Our operating divisions
Critical financial market information sourced, created, enriched and delivered
Trade processing for OTC derivatives, FX and syndicated loans
Advanced enterprise solutions tied to Markit technology and software
Information Processing Solutions
46%of revenue*
22%of revenue*
32%of revenue*
Pricing & reference data
Indices
Valuation and trading services
Trade processing
Multi asset class trade confirmation and settlement platform
Enterprise software
Managed services
*Revenue breakdown across divisions based on Q3 2015 results
\ 3
Critical trends
Pressure on traditional investment models
Market dislocation has forced cost structure modification and regulatory compliance into the limelight
Inconsistent value from offshoring / outsourcing
Historically, ambitions have been limited to lowest common denominator activities on the
basis of cost arbitrage …
Industrialization
Clarity between brand-relevant, differentiating activities v. those that can be standardisedacross asset classes has driven radical new operating models across the full value-chain
Emergence of utilities
Bringing the theory to life, new commercial offerings have emerged, combining people, processes and technology to provide service across business lines and different market players
\ 4
What is Managed Services?
The value proposition
Managed Services customers buy end-to-end business outcomes, taking advantage of our
standards-driven shared technology solutions and deep business-domain expertise. They are
looking for:
Op. RiskReduction
RegulatoryCompliance
CostReduction
Regulatory compliance
Leverage standardisedsolutions that keep pace with complex and evolving regulations
Cost reduction
Lower total cost of ownership.Shift to a more variable expense model that mutualises cost across the industry
Operational risk reduction
Reduce risk through transparency, higher levels of automation and improved accuracy
Technology expertise & shared platform
Rapidly and efficiently access powerful technologies and deep subject–matter expertise, for example in presenting financial information
Tech. Expertise& Shared Platform
\ 5
We have the foundation to deliver a comprehensive set of solutions to the industry
How is Markit positioned to deliver value?
Partnership depthsDistribution strengths Data capabilities
80+ banks, 900+ buysidecustomers and 6,000+ corporates in existing Markit community
3,500+ institutional customers
4,000+ employees across 10 countries
Indices, pricing and reference data across asset classes
Leading data management solution
Enterprise Software
Managed Services
Technology assets
Design partners across buyside and sellside
Managed Services (including Genpact, Thunderhead, ISDA)
\ 6
Technology, information and expertise delivering operational excellence
Managed Services products
DIGITAL PLATFORMS REGULATORY COMPLIANCE ASSET SERVICING
Markit On Demand
Design-driven delivery of financial data
across reports, web and mobile
Design
Customised user experiences that
simplify complex data sets and workflows
Data
Over 400 leading content sources already
integrated facilitates faster time-to-market
and rapid addition of new content
Technology
Robust platform for build and hosting –
supports more than 100 sites and 15
mobile apps. Designed specifically for
the unique patterns of financial data, with
industry-leading up-time and 24x7
support
Adhesion
Rules-based ad-hosting platform
delivering smart, personalised and
consistent messaging
Counterparty Manager
The document exchange ecosystem
enabling buyside and sellside to securely
manage and distribute
data and documentation
kyc.com
A standardised service to centrally
validate and share client onboarding and
KYC requirements
Markit | CTI Tax Solutions
Comprehensive tax and FATCA
compliance support via software,
services and consulting
Know Your Third Party (KY3P)
A shared warehouse providing
customers with standardised, centrally
validated, third-party information and
operational services
WSO Services
Fully outsourced services for middle
and back office operations
Notice Manager
Online service to manage agent
notices related to bank loan holdings
Corporate Actions
Central, validated source of corporate
action data for global equities, fixed
income and structured securities
\ 7
Enterprise Software products
Configurable enterprise software platforms for asset servicing, regulatory
compliance and risk managementRISK MANAGEMENTREGULATORY COMPLIANCEASSET SERVICING
thinkFolio
Integrated front office portfolio
modeling and order management
system with coverage across asset
classes
Analytics
Enterprise risk management software
to help address regulatory
requirements
Enterprise Data Management
A central hub to manage reference
data in a consistent, fully-audited
environment to increase income,
decrease expenses, reduce risks and
speed up delivery:
— Measure and control data quality
and cost
— Meet current and future regulatory
requirements
— Manage data vendor/outsource
provider service level agreements
— Efficiently and flexibly support
change through front, middle and
back office
— Provide complete data lineage
and transparency to empower
business users
— Reduce costs by replacing legacy
infrastructure
WSO Software
Single platform for reporting, CLO
compliance, integration, performance
analysis and agent syndication across
trading lifecycle
WSO Credit Manager
Supports credit creation and data
gathering, investment recommendation
preparation, credit approval workflows,
idea generation tools, front office
communication workflows and
summary dashboards
Information Mosaic
Software that automates post trade
securities processing across the
enterprise, with a particular focus on
corporate actions
\ 8
How we addressed the client onboarding challenge
Existing Assets
+ Design Partners
+ New Capabilities
+ Alliances
Leveraging proven strength and
end-user base of Markit
Counterparty Manager
Standardised KYC product
across industry
Adding niche acquisitions and
capabilities to create deep
functional capabilities
Collaborate with external
partners who bring
complementary strengths
— 8,300+ buyside and corporate subscribers
— 70k+ unique entities represented
— 300k documents held on platform
— 80+ banks accessing documents
— Markit Tax Solutions
— Document Digitisation
— Regulatory Hub
— 10 G14 Banks onboarding KYC.com
— 11 further banks
— 1,400+ AMs/Corporates
— Genpact – JV with leading provider of KYC
remediation and client outreach services
— ISDA – exclusive provider of amend tool for
swap dealers
— Thunderhead – partnership w/ document
digitisation tools to generate, edit and digitise
capital markets documentation.
= Simplified data consumption, getting our clients ready to transact (eligible and configured)
Appendix
\ 10
Ecosystem and roadmap
5. Sell-side use cases4. Buy-side use cases3. Markit KYC/Reg/Compliance/Tax Operating Model2. Drivers
Broker/Dealers Broker/Dealers
6. Business Outcomes
1. Compliance and Standardisation of policy, processes and platforms
2. Reuse of golden records of data/docs
3. Integration of related functionsreducing client touchpoints
4. Value creationreleasing staff from outreach to focus on due diligence
5. Digitisation and Q@S by capturing data right and upfront
ccc
Markit Tax
Utility
Markit Reg Hub
Markit KY3P
Service
M|G KYC .com
Markit Doc
Digitization
KYC
Tax
Regulatory
Contracts and Credit
Ready2 Transact
Co
nsis
ten
t C
lien
t O
utr
each
An
aly
tic
s
Clie
nt G
UI &
Wo
rkflo
w
Cli
en
t G
UI
& W
ork
flo
w
Client Outreach
Client Outreach
Investors Fund/ Corporate BanksAgent Banks/ Custodians
1.Transaction Cycle
Asset Managers
FATCAClass-
ificationCRS
Channel
selection
Preference
capture
Cost to
serve
Comm-
issionsDMA
Dodd
Frank
Margin
Rules
Amend-
ments
Mifid II EMIR Asia Regs
Negotiate
Agreement
Digitized
Contracts
E-
signature
Amend-
ments
AUM/NAV
Reporting
Authorised
Signatories
SSIsChannel
Mngt
Allocation
Prefs
Confirm
PrefsDMA
Fund
Launches
Comm-
issions
Document
Provision
Fund
Launch
Broker
setup
Client
Outreach
Document
Sourcing
Golden
Record
Entity Class-
ification
Screening Sanctions
FATCAClass-
ificationCRS
Document
Provision
Fund
Launch
Amend-
ments
Document
Provision
Document
Sourcing
Ecosystem &Partnerships
Document
Provision
Fund
Launch
Broker
setup
Digitized
Contracts
E-
signature
Broker
setup
Tax With-
holding
Markit EDM
Central
Tax Utility
Req for
Amend
ment
Co
nso
lid
ate
d w
ork
flo
w / S
ing
le c
lien
t vie
w
= Conceptual= Live = In-progress
Tax With-
holdingCentral
Tax Utility
cccMarkit Data/ Docs
Storage
Markit R2Tx
Service
Markit EDM
Distribution
Aggreg-ation
EDM
\ 11
KY3P* service offering*patent pending
The information contained in this presentation is confidential. Any unauthorised use, disclosure, reproduction or dissemination, in full or in part, in
any media or by any means, without the prior written permission of Markit Group Holdings Limited or any of its affiliates ("Markit") is strictly
prohibited.
Opinions, statements, estimates and projections in this presentation (including other media) are solely those of the individual author(s) at the time
of writing and do not necessarily reflect the opinions of Markit. Neither Markit nor the author(s) has any obligation to update this presentation in the
event that any content, opinion, statement, estimate or projection (collectively, "information") changes or subsequently becomes inaccurate.
Markit makes no warranty, expressed or implied, as to the accuracy, completeness or timeliness of any information in this presentation, and shall
not in any way be liable to any recipient for any inaccuracies or omissions. Without limiting the foregoing, Markit shall have no liability whatsoever
to any recipient, whether in contract, in tort (including negligence), under warranty, under statute or otherwise, in respect of any loss or damage
suffered by any recipient as a result of or in connection with any information provided, or any course of action determined, by it or any third party,
whether or not based on any information provided.
The inclusion of a link to an external website by Markit should not be understood to be an endorsement of that website or the site's owners (or their
products/services). Markit is not responsible for either the content or output of external websites.
Copyright ©2015, Markit Group Limited. All rights reserved and all intellectual property rights are retained by Markit.
Disclaimer
mines data
pools intelligence
surfaces information
enables transparency
builds platforms
provides access
scales volume
extends networks
& transforms business.
top related