IFS predicts that the momentum of 2015 will carry over into the new year as financial services and insurance firms continue to invest in automation solutions. This belief is rooted in the company's continued growth and the series of prestigious business awards IFS has earned in the past year.
Between the SEC Money Market Fund Reform, Shortened Settlement Cycles (T+2) and the Department of Labor's Best Interest Contract Exception (DOL -BICE), 2016 is slated to be another busy year for the financial services industry.
And, with the rise of FinTech, or financial technology, financial services companies are looking to software providers to help them adapt and improve automation of their processes while strengthening regulatory compliance. One game-changing regulation certain to have a major impact on firms in 2016 is the aforementioned DOL BIC Exception. As the DOL finalizes the fiduciary rule, IFS is working to ensure that its onboarding and managed account solutions will allow firms to easily automate compliance with Department of Labor's fiduciary rule.
To learn more about IFS's achievements in 2015 outlook for 2016 and financial services trends for 2016, click here.
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