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Making the Middle Office Top of Mind: Transforming the Asset Management Middle Office to a Bottom-Line Contributor

Most asset managers have implemented simplistic, one-dimensional cost-reduction initiatives aimed to reduce middle-office costs. These actions were driven by increasing middle-office operating complexities, escalating regulatory requirements, and a scarcity of talent. The problem? Most of these efforts have led to under-investment in middle-office functions, resulting in an infrastructure that is inflexible and unable to scale for increasing product complexity and regulatory requirements.

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RegTech: The New FinTech – Fundamental Systemic Change in the Back & Middle Office “A Holistic Approach to Compliance & Regulation”

Here are some of the key characteristics of Reg Tech:

  1. Agility – cluttered and intertwined data sets can be de-coupled and organised through ETL (Extract, Transfer Load) technologies
  2. Speed – Reports can be configured and generated quickly
  3. Integration – short timeframes to get solution up and running
  4. Analytics – A recent Deloitte report quoted biologist Edward Wilson “We are drowning in information, while starving for wisdom”. RegTech uses analytic tools to intelligently mine existing “big data” data sets and unlock their true potential e.g. using the same data for multiple purposes.

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