by admin | Apr 11, 2016 | Advisory, Enterprise, Fugacious
We recently attended a digital transformation round table facilitated by The Realization Group, where a wide-ranging discussion took place led by Andy Slight, of The Test People, John Marks, Director at Adaptive Consulting, Jon Davis, a FinTech leader and former CEO of FIS Europe, and Jonathan Bell, Client Services Director for DMW Group. Their main message: digital transformation involves much more than hardware and software. It’s also about people, processes and testing. Jonathan Bell, Client Services Director of the DMW Group, notes: Financial services firms are increasingly looking to undertake digital transformations, with the prospect of faster product releases, lower-touch customer environments and a wealth of valuable business analytics. But to achieve those objectives, they need to do some homework and consider a wide range of factors. Click <HERE> to read more about the discussion areas from this round-table, and <HERE> for an in-depth article on the initiative. Further Information Aiteo Consulting provides CFO advisory services to FinTech businesses. We can deliver a resourced BAU finance function for startups, successfully deploy and configure relevant cloud accounting & ERP software and support transformational change through strategic programme prioritisation, delivery tracking and project financial control. Jonathan Smith, MD of Aiteo Consulting, has acted as a Finance Director for LCH.Clearnet Group, one of the world’s largest clearing houses, and sat on the Group’s Operating and Finance Committees with lead Finance responsibility for Transformation and Change. He has also provided finance leadership for large transformation programmes in consumer financial services while working at Lloyds Banking Group and Barclays Bank. If you want to talk further about how we can help you with your digital transformation programme, click here to book a...
by admin | Apr 11, 2016 | Advisory, Enterprise, Fugacious
Late last week we attended a packed-out breakfast meeting on the regulatory timeline for margining of derivatives transactions, hosted by The Field Effect and The OTC Space. Updates were provided by CloudMargin, NetOTC, Clearstream and TriOptima. Unsurprisingly, technology has proved to be a key enabler in helping these firms to develop solutions to meet the bilateral margin regulations taking effect in September 2016. Whilst only the largest firms have to exchange Initial Margin from September, ALL firms have to carry out daily margin calculations and calls for Variation Margin from March 2017, something which should be in the minds of everyone who uses OTC products. The OTC Space has produced a special edition of Rocket Magazine which provides an excellent snapshot of the latest services. The content includes: Collateral Hurdles: Understanding Regulatory Challenges and Industry Solutions (Bill Hodgson from The OTC Space and Nick Stafford from The Field Effect) Margining and Collateral: The New Operating Model (David Field and Nick Stafford from The Field Effect) The Game Changer for Collateral Management (David White, TriOptima) Beyond Standard Two-Way Margining (David Maloy, COO NetOTC) Are You Ready For Uncleared Derivatives Margining (Banu Apers, Clearstream) The Future of Collateral Management (Karl Wyborn, CloudMargin) If you’d like to receive a full colour, 36 page printed copy, please visit their shop and purchase yours, or contact them to arrange discounts for bulk orders. This publication is the most up to date picture of what the latest Collateral platforms are offering. Further Information: Aiteo Consulting provides CFO advisory services to FinTech businesses. We have successfully set up a resourced finance function for a startup firm...
by admin | Jan 15, 2016 | Accounting, Advisory, Enterprise, Finance, Fugacious, Professional, Uncategorised
Confirmation of 2016 Member in Practice status from the Chartered Institute of Management Accountants....
by admin | Dec 22, 2015 | Accounting, Advisory, Enterprise, Finance, Fugacious, Professional
Whether you’re a customer, a partner, a supporter… …or one of those pesky spam bots that continually disrupts our Google Analytics… or even just someone we exchanged business cards with at Tesco… …may we wish you a very happy Christmas and a productive New Year! I heard the bells on Christmas Day Their old, familiar carols play, And wild and sweet The words repeat Of peace on earth, good-will to men! Till ringing, singing on its way, The world revolved from night to day, A voice, a chime, A chant sublime Of peace on earth, good-will to men! Then from each black, accursed mouth The cannon thundered in the South, And with the sound The carols drowned Of peace on earth, good-will to men! It was as if an earthquake rent The hearth-stones of a continent, And made forlorn The households born Of peace on earth, good-will to men! And in despair I bowed my head; “There is no peace on earth,” I said; “For hate is strong, And mocks the song Of peace on earth, good-will to men!” Then pealed the bells more loud and deep: “God is not dead, nor doth He sleep; The Wrong shall fail, The Right prevail, With peace on earth, good-will to men.” ― Henry Wadsworth...
by admin | Nov 26, 2015 | Advisory, Enterprise, Fugacious, Professional
With the dust settling on the first Autumn Statement to feature a quotation from Chairman Mao’s little red book, practitioners and laypeople alike have been scouring George’s blue book for elephant traps. Here’s our take: Working Tax Credits – public finances ride to the rescue The OBR has forecast an improved position in the public finances, giving the government the wiggle room it needs to drop its widely unwelcome plans to bring in an early phase-out of Working Tax Credits. WTCs will be replaced in due course by the Universal Credit anyway so the Chancellor’s previous master stroke of phasing them out has been replaced by an even bigger master stroke of dropping the whole plan. A lucky Chancellor indeed. Boom! A big hit for big business Big business will pay the cost of an ‘Apprenticeship Levy’. The Treasury’s blue book suggest that the take from this will be a whopping round £3bn rounded up. To put that in perspective, that’s a whole 7% of the existing Corporation Tax take. But this is not a tax rise. Oh no. It’s a LEVY. (We hope you can see the difference too.) In the round, the levy will apply to larger firms with an annual payroll of greater than c. £3m. But as with other stealth taxes we think big business will take a little while to come to terms with the stomach punch they’ve received. Woah! A near thing for small businesses There is a complete muddle at the moment between the intersection of travel & subsistence rules, intermediary legislation, employment status and close company rules on dividends. From the Treasury’s populist perspective, tax avoiders are hiding...
by admin | Oct 30, 2015 | Accounting, Fugacious
Aiteo Consulting presented and interviewed at @HiredGrad speed networking on 29 November at Cass Business School. Great to meet a lot of enthusiastic students and present with exciting companies such as @seedcamp, @6_tribes and @restorationp....
