A survey has revealed technology and operational projects are on top of the agenda for global asset management firms in 2017, as a result of increasing regulatory pressures.
The survey found 65% of firms claimed regulation is the biggest driver of industry change and 52% said they would replace out-dated or legacy technologies over the next 12 months in response to the evolving landscape. One in three companies (32%) added they were planning to introduce an online client reporting portfolio for the first time while 14% were looking to launch mobile apps as they aim to improve the quality, timeliness and transparency of communications with their clients. Another key driver of change over the next five years was identified as meeting changing client demand....
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