Invest in IT to Overcome Regulatory Challenges

IT is key to solving the various regulatory challenges in the global financial services industry. IT is key to solving the various regulatory challenges in the global financial services industry. Since every asset manager needs to become regulatory compliant, investing in the appropriate solution ar...

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Bibliographic Details
Published inMoney Management Executive Vol. 23; no. 6; p. 10
Main Authors Anderson, Anders B, Kunkel, Carsten
Format Newsletter Trade Publication Article
LanguageEnglish
Published New York SourceMedia, Inc 09.02.2015
SourceMedia
Subjects
Asset management
Competition
Competitive advantage
Compliance
Costs
Financial services
Information technology
International finance
Investment advisors
Product development
Regulation
United States > US
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Summary:IT is key to solving the various regulatory challenges in the global financial services industry. IT is key to solving the various regulatory challenges in the global financial services industry. Since every asset manager needs to become regulatory compliant, investing in the appropriate solution architecture is an essential requirement. Choosing a solution provider who invests sustainably in regulatory compliance is crucial to providing asset managers with a competitive advantage. For the asset management industry, the key to gaining competitive advantage in difficult conditions is to maintain an agile business infrastructure with effective change management covering organizational and operational structure, as well as supporting systems.
ISSN:1549-9111