Daniel Carpenter is the head of sales at Meritsoft, a Cognizant company. John Lothian News interviewed Carpenter about the problems created by high-volume trading from banks, brokerages and other institutions, including how a company tracks the different fees it is paying or collecting from various trades. Whatever the problem was before, it is now three times harder in markets where volumes have exploded in recent years. Carpenter addresses the various issues these firms face and how a firm like Meritsoft can help them mitigate these problems and improve the processes so the end of the month is not an insurmountable obstacle.
John Lothian Interviewed Carpenter over Zoom and asked him about the problems high volumes have created for firms’ back offices, what digitization works and how much firms can save by digitizing. He also addressed the issue of digitized rate cards.