To generate excess returns in today’s dynamic markets, firms must embrace change and discover how state-of-the-art technology, cloud offerings and managed services can help their organizations respond to market developments and leverage growth opportunities. Legacy IT infrastructures are becoming a burden to asset managers with ambitious growth plans, as operations and IT are not equipped to keep up with the pace of change in a cost-effective manner. These legacy limitations may delay the execution of business strategies and introduce unwarranted risk.
In an exclusive WatersTechnology survey of senior financial technology decision-makers, 40 percent of respondents say they have been on existing platforms for more than 10 years, and to succeed in a changing market and meet expectations from customers and regulators alike, firms will benefit from modernizing IT systems and deployment models. Operating models must evolve for firms to take advantage of services that can provide the scalability and flexibility required to increase responsiveness and enable growth.