As regulatory uncertainty continues and SEC Modernization becomes reality, asset management tech firm Confluence predicts broader data-centricity in business operations and the adoption of data analytics in fund compliance and governance.
Driven by SEC Modernization and continually changing regulatory requirements, Confluence foresees a year of anxiety but eventual positive systemic change, as firms work to achieve efficiency while meeting a broad range of back office demands.
There will be three major impacts across the asset management industry next year:
- Regtech will make way for a “Datatech” movement in business operations across the back office ecosystem
- The data-intensive focus of the Securities and Exchange Commission (SEC) will spur industry adoption of data analytics in fund compliance and governance
- Regulatory anxiety will prevail as the future of new regulations remains unresolved