Author: Universal Investment– universal-investment.com
Just imagine if Google would decide to launch an asset management business. In theory they could. They are extraordinary innovative and have access to incredible technology that automates back-office functions, manage risk or power newly developed investment strategies. One of the reasons why IT giants didn’t enter the asset management space yet is most probably regulation, which is often national and always very complex.
Innovation is about thriving, not surviving
We are moving into a new technological and digital age where asset managers need to adapt, along with investors and service providers, like management companies and fund administrators. All of them need innovation and change to thrive in this new paradigm shift.
Innovation in asset management is therefore, not just about creating new products but it is also about creating an innovation culture, Next Gen business models and ecosystems, enabling our clients to reap the benefits of the plethora of data with the help of disruptive technologies such as AI, ML and Blockchain.
For instance, AI and automation could help keep costs down and reduce human error in areas such as administration, compliance and regulation. It can also be used to understand risk better in portfolio management.
Our vision for innovation in asset management
We need to completely rethink how future asset managers will function in a new Technology-Driven world. There will be AI-based intelligent automated workflows carrying out tasks at breath taking speed. Natural learning processing will also play a strong role in this new automated and highly efficient world.
At Universal Investment, these are technologies that we are already testing, beside many other examples of innovation in our company. I would like to focus on just two very powerful examples, where we have been able to make a difference.
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