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Research Reveals Asset Managers Must be Ready for Reinvention
September 29, 2017
Based on a global survey conducted by Longitude Research and FIS, READY FOR REINVENTION suggests that growth-ready asset managers must be open to new ways of thinking – including a focus on consolidating technological systems and a commitment to investing in innovation – across the front, middle and back office. Highlighting the finding that only 4 percent of asset managers feel strongly that their technology can support their growth objectives, FIS outlines key areas to drive reinvention for the future.
With a mix of research data and from-the-field insights, READY FOR REINVENTION delves into the:
- Drive to strengthen automation
- Necessity to embrace emerging technologies
- Demand for digital innovation.
“The asset managers that will rise to the future are taking this challenge head-on in the knowledge that they must reinvent, innovate and strengthen their technology. This will be the make-or-break for attracting and delivering for tomorrow’s investors who are looking for smarter performance from their investments, greater transparency and the ease of communication digital innovation provides,” said Wayne Riches, director of strategy and solutions management, FIS.
The FIS™ Readiness Index is based on a survey of 239 senior-level respondents within asset management firms, and 509 respondents overall within buy-side institutions around the world and across different business areas. It collates and measures companies’ self-assessed performance in six operational areas that FIS has identified as being representative of how firms achieve growth: automation, data management, emerging technology, digital innovation, customer experience and talent.