Power users are a vital part of technology implementations and the company’s ongoing success with any technology system. A power user is not a formal user type within a system, unlike super users, administrators or users, rather they are the people who have the skills and knowledge to help others use the system to its…
Operational risk and innovation are not often discussed in the same conversation. That’s probably because operational risk is almost an acceptable background risk, as it is always present and can never be fully mitigated. And the fact that it is all-pervasive and embedded in the way people work, means that preventative process changes can sometimes…
The commodities industry has been undergoing significant digitalisation, particularly after Covid-19 prompted industry-wide remote working, and is increasingly prepared for a long-anticipated switch to electronic trading documents. However, legislation has been one of the major barriers to the widespread adoption of these electronic documents. This may soon change, as governments are now bringing in legislation…
Know Your Counterparty (KYC) has played an important role in commodity risk management for a long time. Even before KYC regulations and policies, individuals preferred to work with counterparties they knew and trusted. Personal relationships continue to play a role in KYC today, but they are now supplemented by increasing amounts of data as regulations…
The 6th annual ComRisk forum took place virtually last week on 10-11 June. At the event, senior risk management experts joined over 1000 participants to discuss some of the biggest trends in commodity trading, markets and risk. One of the major panel sessions at this event was Keeping a pulse on CTRMS: are they transitioning…
One of the largest challenges facing commodity traders is joining up their complex operations across teams with very different roles. Achieving collaboration across departments can lead to fewer errors, better decision-making, improved asset turnover and ultimately greater profitability. For a long time, technology has been helping teams within these organisations manage their processes better and…
Next week, Gen10 will be taking part in Commodity Trading Week – 5 days of virtual conferences discussing the main challenges and opportunities in risk, logistics and trading. In preparation for the Supply Chain & Logistics Conference as part of the event, we are exploring some of the many areas where technology can support commodity…
At Gen10, we believe in the power of ecosystems. We think they’re essential for providing our clients the very best solutions with the flexibility and interoperability they need to transform their business, not just their technology. Below, we explore the benefits and importance of technology ecosystems in the complex world of commodity trading and the…
Gen10 are happy to announce that we will once again be sponsoring Commodity Trading Week, taking place online from 7-11 June. With over 100 hours of content across 5 distinct conferences, the free event provides opportunities for learning and networking for every role within commodity firms. The 5 conferences include: DigiCom, commodity digitalisation, 7 June.…
In the short term, agricultural commodities’ prices and volatility are likely to be influenced by the Covid-19 recovery and the fundamentals of supply and demand, with a range of different predictions for what this could involve, including a debate over whether we are at the beginning of a supercycle. In the longer term, population growth…
