"The only thing that is constant is change" – Heraclitus the Greek

Over the past few years there has been a major paradigm shift. Information Technology is no longer the poster child for change. Due to increased competition, the “does I.T. matter” argument, the rise of the Internet as a business tool necessity, stock market crash and subsequent economic recession, markets are faced with a new business model paradigm – the need to produce added value for every dollar, euro or yen spent.

Financial Institutions are caught in a period of flux which includes;

• Globalization & Consolidation
• Increasingly complex products with high transactional failure rates
• Preponderance and increased momentum of issuance of new Regulations
  • Basle 2,
  • CAD3 ,
  • EU Solvency Act 2,
  • KYC/ USA PATRIOT Act,
  • Broker Supervision,
  • Sarbanes Oxley,
  • FAS 133, IAS39
  • Mutual Fund Transparency & Timing
• Increasing frequency of Corporate Scandals (Enron, WorldCom, Mutual Fund Timing, Accounting restatements) destroying the trust of the investing public.
• Lack of cohesive , adaptive, vendor offerings which can be used to solve multiple business and regulatory issues which are non-intrusive in nature

For each new regulation a new vendor solution or consulting effort is perceived to be needed to address. Regulations cause industry participants to make “discrete” changes to their working environments as each regulation is perceived as “collective punishments” for industry breaches.

The intention is for Crest Rider to change this view – by viewing regulations as just good business practice adaptive solutions and views can be adopted to achieve competitive advantage through continuous, rather than discrete, change

At Crest Rider our intention is to give our clients MOR & MORE

• Minimizing Operational Risk &
  
• Maximizing Operational Resilience and Efficiency