Front/Middle/Back Office/Enterprise (Silo Versus Cross-Silo)
Function is another way the industry participants differentiate and segment themselves into communities. When viewing the financial process, there are groupings of activities that take place in a fairly linear manner. Very roughly, this is typically viewed in three major groupings: Front Office, Mid Office, and Back Office. Whether it is preparing for securities trading and settlement, or looking at funding within a corporate cash desk, these three broad categories capture the primary CoPs generalized in financial services. We can add to this an Enterprise view for those functions that sit across these communities and view a firm from a holistic viewpoint. It should be noted ...
Get Understanding the Financial Industry Through Linguistics now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
