Internal Infrastructure Outdated as Outsourcing Trend Grows

Outsourcing, once regarded with suspicion, is being adopted with renewed vigor by asset management firms seeking a viable and cost-effective alternative, says Miller, and he believes the trend will continue.

"We've seen this not only in our business, but also in many other industries, in which nobody would have ever dreamed of outsourcing secure client data just five, six or seven years ago," he says. "Now we have over 500,000 users that are doing just that."

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