Fund services is ‘back office’ no more.
As fund managers grapple with myriad challenges – including an increased level of investor due diligence of operations; requirements for greater transparency and speedier, more detailed reporting; regulatory changes and new risks impacting the sector – the need for outsourcing providers is greater than ever.
At the same time, technology has become an increasingly important factor in the delivery of top-grade fund services. What is critical for fund managers, which have so far been slow on the uptake of technology, is to change their perception of tech as a disruptor. Instead, it’s time for fund managers to view technology as a business enhancer, both on the management company and asset level.
The firms that more quickly embrace technology are the ones poised to gain a competitive edge.
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