Smart technology alone won’t help investment managers respond to disruptive market conditions unless they can ensure it is being provided with the right data. Reliable, accurate and high-integrity data is critical for decision-making in the investment and asset management industry. Managing data effectively is the foundation on which your response to industry disruption is built.
For many asset management organisations, the middle office is there to support the front office and pass data through to the back office. However, the role of the middle office is evolving as organisations come under pressure from a combination of increasing regulatory focus, lower investment returns, and growing concerns about risk management. Market-leading organisations are making up to the valuable role the middle office can play in helping to manage these pressures.
Off the back of its growth strategy, AlphaCert, the NZ fintech start-up which provides an enterprise data platform for the investment management industry, is expanding into UK with a new footprint in London.
Our London base will enable us to provide a global support model for our customers and look to promote our product further into the UK, Europe, US, and Middle Eastern markets.
Superannuation fund mergers continue to dominate discussion within the industry. VicSuper and First State Super have announced that they will merge on July 1 creating one of the country’s largest super funds – over $125 billion and 1.1 million members. QSuper and Sunsuper are also in talks, with the potential merger likely to create Australia’s largest superannuation fund with more than $195 billion for 1.5 million members.
Data and analytics are central to high performing investment management organisations. 85% of financial services firms see data as their key strategic asset, but only 16% rate themselves strong in extracting value from it. A considered data strategy and a robust governance framework is key to realising and exploiting this value.
Massive amounts of data are now part of our lives, and certainly a key factor when it comes to investment management. Hal Varian, Google’s Chief Economist said it best: “Between the dawn of civilization and 2003, we only created five exabytes; now we’re creating that amount every two days. In 2020, that figure is predicted …