Asset Managers, be it traditional, hedge funds or alternative asset managers, face on-going competition from Fin Tech companies, margin pressures and market consolidation.
Additionally, they face new and ongoing, regulatory demands and the need for greater customer transparency on fees and in how investment decisions are taken. Embracing digital technologies is providing organisations with a cutting edge in this changing landscape. Central to this is having a robust digital strategy in place. However in a recent survey of mid-sized organisations conducted by RSM, only 40 per cent had a digital strategy.
In this short document we consider the areas to be addressed in developing a digital strategy in the sector, the technologies being embraced and the cyber security threats.
