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COO Q&A: How Fintech Is Transforming the Structured Product Marketplace

Fintech is a rapidly evolving field. With buzzwords such as disruption and innovation everywhere, combined with new product launches, it can be hard to discern what is actually innovative and what is just extra noise. In this post, we talked to Luma Financial Technologies COO Donald Pogan about how platforms truly transform the structured product…

Structured Product Platforms to Execute 50% of Transactions, Predicts Luma’s CEO Tim Bonnaci

As discussed in a recent publication from Risk.net, 5-10% of the US structured products market transactions occur on electronic platforms. However, Tim Bonacci, CEO and founder of Luma Financial Technologies, projects that this figure will shoot to 50% by this time next year. Fifty percent might seem like a bold prediction. However, given the current trajectory of structured product volume growth (up to $70 billion in issuance last year from $40 billion to $60 billion in years prior) and the recent innovations in financial technology, 50% could be just the beginning of what’s in store for this industry. Platforms are lowering minimum investments...

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Automated Post-Sales Performance Reports Make Life Easier

Pulling up performance data for structured products is usually more time-intensive than other types of investments due to their complex nature. Manually managing this process can be time-consuming. There is a clear need for a better way to do this.

How to Improve Suitability Measures with Financial Technology

Picture Tom, product manager for a large broker-dealer. Tom has his annual cycle exam in a couple of days. He understands how his orders have been approved and placed through his firm’s current system but is starting to get nervous that their fixed-income training won’t be enough to cover structured products if FINRA chooses such…

FINRA Suitability Fines Up by 225% in 2018

As recently reported by Investment News, the law firm of Eversheds Sutherland issued a report summarizing 2018 fines imposed by FINRA. The overall headline from their report is that the average fine per case in 2018 rose to $107,000...

3 Reasons Why Wholesaler Value Could Increase

Reverse inquiries are an excellent area for wholesalers to provide value. However, the current way most wholesalers facilitate reverse inquiries is very time-consuming and subject to human error because it is based on manual tracking and email communication. On top of that, there are the differing compliance requirements to adhere to for each broker-dealer, which…

Custom Structure Creation and Pricing Automation Explained

Despite the inherently complex nature of structured products, firms still surprisingly rely on emails and spreadsheets to manually manage the custom structure creation process. In a previous...

4 Reasons Custom Structure Pricing Needs to Be Automated

For all the complexity and sophistication of structured products, the creation and pricing of custom structures in the U.S. remains a very manual activity and one that is surprisingly reliant on emails and spreadsheets for communication tracking and process management. This seems rather incongruent with the financially advanced nature of structured products, yet this is…

Managing Post-Sales Activities with Luma

In this blog post, we are going to go over how financial technology can help optimize a book of business for financial advisors. Accessing the performance of structured products and annuities is usually more complicated and time-consuming than other types of investments. As a result, many advisors hesitate to incorporate this class of financial instruments…

How Luma Improves Control and Compliance

Through advanced financial technology solutions, more and more banks and broker-dealers are saving time and improving control and compliance. This trend has now extended into structured products. With our Luma platform, banks and broker-dealers are able to set customized product parameters, issue approved product lists to all advisors, manage and review all trades, and see rep…

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