Funds Europe: tech and data infrastructure, ESG compliance top asset manager investment priorities

Funds Europe, in association with Temenos, surveyed the industry on expectations for tech spending. Among its main findings:

Technology and operational requirements

  • 56% say that technology and data infrastructure will be the focus of their investment over the coming 12 months; 47% say this will be on ensuring ESG (environmental, social and governance) compliance across their product range.
  • 62% say cloud-based solutions are playing a key role in their IT strategy.
  • 40% have started to use APIs (application programming interfaces) in the past five years. Only 8% have used APIs for ten years or longer.
Source: Funds Europe

Strategic partners

  • 83% of asset managers say they will extend their strategic alliances with asset servicing and tech partners, enabling connection of mid- and back-office services straight to their front-office tools and investment book of record.
  • 42% say they will consolidate their outsourced relationships, employing a small number of service partners, in the coming two years.

Future developments

  • 60% say it is important to augment human expertise into artificial intelligence (AI) models; 50% say that AI must be ‘explainable’ to clients and to regulators.
  • 60% say portfolio analytics and performance measurement functions will benefit most from the application of machine learning (ML) and AI; 57% say this will offer most benefit to data pre-processing.

Read the full report

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