Funds Europe convened a panel of technology professionals from across the asset management sector and in the discussion that follows, the importance of data in digital operational resiliency emerges as a central theme.
Read the full Operational Resilience 2024 report, in association with FundGuard.
Despite advancements in front-office technology, challenges remain, especially in middle-office functions like compliance and reporting, which are still burdened by fragmented systems. The discussion highlighted the need for a holistic transformation that goes beyond technology, encompassing people, processes, and culture. Asset managers are encouraged to prioritise data integration and communication across platforms to enhance operational efficiency and client service.
Panellists also discussed the strategic importance of aligning technological investments with business goals. The need for a dual approach was stressed — maintaining current business models while innovating for future growth. This approach is particularly crucial as the industry pivots towards direct-to-consumer sales, which demands more innovative and adaptable business models.
Ultimately, the discussion underscored that successful digital transformation in asset management requires viewing technology and data not as cost centres, but as strategic assets integral to long-term growth and competitiveness. By rethinking legacy systems and embracing data-driven strategies, firms can better navigate the complexities of modern asset management.
Read the full Operational Resilience 2024 report, in association with FundGuard.
