Asset management firms face challenges similar to those faced by most buy side firms – such as a generational shift in the demographic, new patterns of investment behavior, a changing regulatory landscape, and the rise of aggregators with low-cost products who are thinning the pool of investible funds.
Our client wanted to differentiate itself by offering customer-centric solutions that are flexible and adaptable. But its existing systems presented several challenges:
- Its front, mid and back office functions needed a lot of manual effort
- Business rules were inconsistent and data duplication was rampant
- User experience on the platform needed significant improvement
- Clients were unable to get a holistic view of their accounts
- Data validation was consuming a lot of man-hours