Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

State Street study says investment firms lag on new technology

Friday, February 24, 2017

Bailey McCann, Opalesque New York:

A new report from State Street says that many investment firms are falling behind when it comes to embracing new technology. The report findings are the result of a global survey of 2,000 investors and 500 investment providers.

State Street argues that leaders defined as those using digital technologies to transform their businesses are excelling in the "three I's of data": integration, integrity and intelligence: integrating internal and external data; drawing new intelligence from it to improve decision-making, agility and client-centricity; and then safeguarding the integrity of this data with the highest levels of cybersecurity. However, there is also a growing cohort of laggards that are slow to understand and embrace the three i's.

The gaps between the two groups are striking. When it comes to cybersecurity, 64 percent of leaders are applying robust cybersecurity measures to ensure data integrity, but only 22 percent of the laggard group have made the same effort. 63 percent of leaders are aligning front, mid- and back office functions to better service clients, but only 30 percent of the laggard group are doing the same.

Of the investment providers surveyed almost half (49 percent) say technology is redrawing the marketplace. Eight in ten (81 percent) say digital transformation is important for the future of their organisation.

To get ahead, the laggards will have to take a hard look at strategic and tec......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1