Asset management investment to focus on technology and data infrastructure - Help Net Security

Investment in technology and data infrastructure sit at the top of asset managers' priorities as they position themselves to deliver business growth in the recovery from the COVID-19 pandemic. These are the findings of a report by Funds Europe. The survey of global investment professionals across the asset management sector also reveals COVID-19 has pushed firms to review their IT strategies and transition to the public/hybrid cloud. To improve levels of operational efficiency, firms are seeking seamless interconnection between functions along the investment value chain. In the survey, 83% of asset managers say they will extend their strategic alliances with asset servicing and tech partners, enabling connection of middle- and back-office services straight to their front office tools and investment book of record (IBOR).