Confluence Asset Management Survey: 83% Predict Fundamental Change To Their Operating Models in a Next 24 …

Pittsburgh, PA, Nov. 14, 2017 (GLOBE NEWSWIRE) — Confluence, a tellurian personality in investment information government automation for regulatory, financial and financier reporting, currently expelled a formula of a 2017 Asset Management Trend Survey of item government professionals. While a concerns uttered by respondents relate those of a 2016 survey, this year’s investigate finds augmenting coercion to addressing issues including back-office automation and regulatory stating requirements.

In response to a doubt that was new to a consult this year, some-more than 8 in 10 (83%) item government professionals identified during slightest one means that will means elemental change in their handling models over a subsequent 24 months. Respondents named Regulatory Change (60%) and Technology Innovation (49%) as a tip pushing factors in this transformation.

When asked to brand critical goals for back-office operations over a subsequent 2 years, majorities of respondents cited automation of back-office processes (62%) and government of augmenting regulatory stating mandate (60%), with a latter representing a 13-point boost from a allied 2016 figure (47%). This arise is arguably ascribable to a new doing of SEC Modernization and mixed other post-trade regulations in new years, such as Form CPO-PQR and Form PF in a U.S. and AIFMD in a EU.

Centralizing account information (42%) was a third-most cited idea in this year’s survey. More than 3 buliding of consult respondents pronounced it was intensely or unequivocally critical to centralize in sequence to urge information correctness and coherence (86%, adult from 80% in 2016), minimize stating errors (82%, adult from 80% in 2016) and accommodate regulatory final (76%, adult from 70% in 2016).

Asset government professionals also displayed augmenting regard about continued faith on primer processes. As in a before 4 Confluence Asset Management Trend Surveys conducted given 2008, “replacing primer processes with programmed technology” was named a tip behind bureau goal. Highlighting a flourishing coercion of a issue, faith on primer processes was singled out as a back-office plea of many regard for 22% of those surveyed (up from 14% in 2016 and 12% in 2008), creation it second usually to information correctness and coherence issues (24%). Nearly all respondents reported being endangered about primer processes and spreadsheets inspiring a ability to control errors (90%) and a ability to control costs (83%), and those who were intensely or unequivocally endangered climbed 10% from 2016 in any case.

“While a concerns of a item government attention in 2017 are mostly unchanging with what we found in 2016, a arise in coercion on arrangement is what unequivocally explains a mutation we have seen holding place this year,” pronounced Todd Moyer, Chief Operating Officer during Confluence. “Our consult respondents clearly see that a time for automation and technical creation has arrived. Heightened regulatory mandate are branch a restrained desire to automate into a need to automate. And record creation in a RegTech space is enabling this elemental mutation in behind offices opposite a industry.”

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About a 2017 Confluence Asset Management Trend Survey

Confluence collaborated with Schmidt Market Research on a 2017 Asset Management Trend Survey. The consult was conducted between Sep 7, 2017 and Oct 8, 2017. A sum of 125 online interviews were conducted with item managers and third-party use providers to consider perceptions and attitudes about a item government industry’s biggest operational goals and biggest challenges.


About Confluence

Uniquely positioned as a singular businessman that solves a extended array of formidable data-driven hurdles for a tellurian investment government industry, Confluence provides a data-centric height of solutions that share value opposite products – from information formation and governance to calculation, outlay and reporting. 

The height facilities regulatory reporting, financier communications, and opening and analytics solutions and supports a far-reaching array of account forms – including mutual funds, ETFs, choice investments, institutional portfolios and UCITS funds.

Eight of a tip 10 tellurian use providers permit Confluence products and 8 of a tip 10 tellurian item managers have business processes programmed by Confluence.

Headquartered in Pittsburgh, PA, Confluence serves a general account attention with locations in Brussels, Dublin, Ho Chi Minh City, London, Luxembourg and San Francisco.


A print concomitant this proclamation is accessible during

Michael Kingsley
Forefront Communications Group, Inc.

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