The Gains of Standardizing Investment Information in Alignment With Best Practices


Monday, December 06, 2021 / 10:52 AM / by Akin Adeniyi, CIPM / Header Image Credit: Economic Times

I was a little torn between a couple of my musings this morning as I noticed I have not made a post on investments in a while. But the overwhelming urge to do investment, from a quick succession of certain market experiences of late, won the battle eventually.

For quite some time now I have been on this advocacy, teaching, and enlightenment drive for ways we can improve upon our investment information sharing and management processes. I do this for the challenge that I see in the disconnect between what obtains in other markets and ours, and the obstacle this represents to overall market development. When we do certain basic things differently from the rest of the world in a supposedly global industry, we lock ourselves in this cocoon of what I've christened "who will bell the cat?"

When a market punishes you for choosing to do the right thing, you may then begin to appreciate you're actually in another ball game entirely.

Today, the whole world can enjoy gains like improved communication and seamless processes of commerce built on the power of the internet and the world wide web. But we must never lose cognizance of the highly important role that standards have played in the evolution of the IOT. Without HTML, HTTP, XML, TCP/IP, URL etc., all being critical language standards to allow seamless communications across proprietary softwares, systems, and devices, we'd probably be somewhere else today other than the great discoveries of e-commerce, e-books, e-Trade, e-meets, and e-everything.

In investment, the globe is probably not communicating enough presently as standards yet remain largely diverse and silo-structured, but there are certain low hanging fruits of standardizing investment information and communication in this industry that we can embrace and take massive advantage of, to further open us to the world of opportunities out there.

Standardization takes nothing away from us or our businesses, rather it fosters that much required level playing field for everyone in the competition to focus on what they know how to do uniquely best for the value-add to the consumer. Africa is still the next big thing in the world of development opportunities. Nigeria is still the trigger of all things great in this continent's exponential unravelling.

We should standardize our investment information and reporting processes in alignment with the best practices of the rest of the world.

Yes, we can and we should.

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About the Author

Mr. Akin' Adeniyi, CIPM  is the President & Chairman of Council of the Association of Corporate and Individual Investment Advisers (CIIA). He is also the Chief Relationship Officer (CRO) of KingsThrones Limited

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