Asset managers were already facing strong pressure to digitise their operations and client services, and the advent of Covid-19 has only seen this become more important. A recent poll found that over half of such firms expect their digital budgets to increase next year, while none of the respondents consider themselves as “just living with the basics” anymore.
In an increasingly agile environment, intensified by rapid digital innovation, clients now expect more value, a higher quality of work, and a faster delivery of solutions and services. Asset management has been no exception to this trend, with the sector increasingly prioritising digital transformation in recent years.
