Collaboration is a key component to future success in financial services

In the increasingly competitive world of financial services, it is imperative that institutions focus on collaboration as an avenue for increasing profits and enhancing their relationship with customers, vendors, and colleagues. Regulatory, security, and cultural issues frequently challenge this collaboration.

Assessing these barriers and determining how to overcome them in order to yield positive returns for institutions is among the key themes to be explored at an event to be held in the City of London on 16 June entitled Collaboration in Financial Services (www.KnowledgeEvents.com )

Sponsored by Reuters, the leading provider of instant messaging services for the financial sector, the conference will address how management can identify and resolve these challenges while building strong relationships across their business ecosystem. Industry experts will discuss the relevance of enterprise instant messaging packages and how increasing threats regarding internet viruses and SPIM are making it critical for financial organizations to reconsider their use of public instant messaging within the enterprise.

David Gurle, EVP, Global Head of Collaboration Services at Reuters, comments: Instant Messaging is making a real difference to the way the financial services industry operates and interacts. Real value is achieved by improving productivity via integration of collaboration and presence into daily workflow while addressing corporate issues such as strict compliance regulations, data privacy and business exposure control

Collaborative technologies such as instant messaging, chat, presence and identity across applications, video and web conferencing, and shared document spaces can have tremendous positive benefits for the overall performance and productivity of an organisation.

This one day, interactive seminar will explore how innovative collaboration technologies are a catalyst for new working practices in the financial services community and how they can bring about more effective and profitable organisations.

Collaborative initiatives are also going one step further with the development of trade and portfolio analytics, says author and collaborative expert, Ross Dawson. He says: I believe that what I call collaborative trade and portfolio analytics will be a significant aspect of changing relationships between the sell-side investment banks and brokers and the buy-side fund managers and corporate treasuries. Such technology provides sophisticated analysis of derivatives strategies as a basis for discussion with clients.

This highly focused event is targeted at executive attendees on both the business and the technology side of the banking community. For more information go to www.knowledgeevents.com