With innovations in financial technology comes a new set of lingo and terminology to describe new ways of doing old things. Because it can get confusing out there, we’ve compiled a list of key terms and definitions directed to business leaders, as technology talk in financial services is no longer something that can be relegated only to the IT department.
Canada is well known around the world for its strong and highly regulated financial services industry. However, this reputation comes with numerous challenges and costs, as increasing regulatory oversight and compliance requirements have become more complex and multi-layered. As the industry struggles to meet the challenges of a rapidly changing regulatory and compliance environment, new technology tools and solutions are needed.
Online social networking technologies are making it easier than ever before to stay connected and build engagement with one’s clients.
Client engagement is critical to any advisory practice because it supports not only the retention of your services over time, but also generates warm referrals – both of which are a potential source of significant growth in your book of business.
