Operational transformation is no longer an option — it’s an imperative. Technology provides the way forward by streamlining and simplifying operational processes, so your talent can focus on what they do best, managing money and meeting client needs.
Potential reduction in asset management revenue due to fee compression over the next three years.1
Senior Director, Global Technology and operations management, broadridge
For true operational transformation, asset managers require help from technology leaders. Ask for solutions that effectively cut costs, streamline processes, and eliminate redundant and outdated systems.
Trade groups, regulators and technological partners must take a bold, industry-wide approach to creating standardized, extractable data that works across platforms. Shifting processes will pave the way for innovative technologies like blockchain that securely eliminate the middleman while ensuring data integrity.
"Blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions, but virtually everything of value."
authors of Blockchain Revolution2
The biggest barrier is firm-level complacency and lack of incentive to evolve. Internally, firms must clearly perceive the benefits that can be achieved by investing in human capital, technology and automation. Externally, firms must invest in collaboration with their competitors, regulators, technological leaders and trade groups to create and implement best practices.
In the next 10 years, $1 trillion could shift from active to passive management, according to Morningstar.3 Your choice of a technology partner directly impacts your success.
Discover how a collaboration with Broadridge can put you on the path to operational transformation. Read our white paper, Future of Operations — Simplify, Innovate and Transform.