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Providing Finance and Technology with   tailor made recruitment solutions

Providing Finance and Technology with tailor made recruitment solutions

Providing Finance and Technology with   tailor made recruitment solutions

Providing Finance and Technology with tailor made recruitment solutions

Providing Finance and Technology with   tailor made recruitment solutions

Asset managers fear disruption as digital technology comes of age


Typically sluggish adopters of new technology, asset managers are slowly waking up to the threats posed by the emergence of faster and cheaper digital rivals, with fully 80% of industry participants expecting significant disruption in the industry over the next ten years.

A survey of more than 450 senior executives in asset and wealth management on digital transformation commissioned by Dassault Systèmes from Create-Research found an industry struggling to come to terms with growing cost pressures and the arrival of digitally-led investment platforms catering to a new generation of technologically-savvy investors.

Just 27% of wealth managers polled offer robo-advisers, and only 31% use big data, while the adoption of revolutionary platforms like distributed ledgers is viewed as a distant dream.

The results are underpinned by a new report from Ernst & Young which finds that many wealth and asset management practitioners are “not very familiar with how blockchain actually works or what the benefits might be”.

Click here to read the full article on Finextra