Replacing Legacy Technologies to Support Business Growth and Compliance
This Eagle Investment Systems-sponsored webcast focuses on the challenges facing buy-side firms when it comes to operating and supporting legacy applications.
It is more important than ever for asset management firms to operate as robustly and efficiently as possible, due to increased industry competition, regulatory changes, and lower operating margins currently prevalent across the buy side. However, given the history of large numbers of buy-side firms from technology and operational perspectives, many continue to struggle in the challenging operating environment due to their outdated technology stacks, implemented over the years in a piecemeal, siloed fashion, rendering them largely incapable of adapting to and exploiting new business opportunities, while also exposing them to a wide range of regulatory and operational risks. While the latest technologies can never be considered a panacea to all the industry's ills, relying on outdated and largely obsolete systems almost certainly guarantees sub-optimal performance.
Panelists
• Mario Coulombe, senior advisor, Desjardins (Montreal)
• Craig Mockford, chief operating officer, Prescient (Cape Town)
• Michael Maltby, head of market strategy, Eagle Investment Systems
• Victor Anderson, editor-in-chief, Waters and WatersTechnology
This webcasts address the following issues:
• The extent to which buy-side firms are operating with sub-optimal, outdated technology stacks.
• On a day-to-day, practical level, what might these ‘outdated' and ‘sub-optimal' technology stacks mean to technology teams?
• The extent to which this scenario impinges buy-side firms' abilities to operate robustly and efficiently, while also complying with the latest regulatory mandates.
• The asset management-focused business processes most affected by sub-optimal and legacy technologies i.e. data management, regulatory compliance, decision support, performance and attribution, and reporting.
• How buy-side firms go about identifying areas of their technology estate ripe for replacing.
• How buy-side firms go about making the business case for replacing legacy technologies.
• The business and operational benefits accruing to buy-side firms able to update or replace legacy technologies.
• The aspects of replacing legacy systems that buy-side firms tend to underestimate in terms of their cost, complexity, and the time it takes to make such changes.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
BMO’s cloud migration strategy eases AI adoption
The Canadian bank is embracing a more digital future as its cloud strategy makes gains and it looks to both traditional machine learning and generative AI for further augmentation.
Waters Wrap: GenAI and rising tides
As banks, asset managers, and vendors ratchet up generative AI experiments and rollouts, Anthony explains why collaboration between business and tech teams is crucial.
Ice moves to meet demand for greater cloud, AI capabilities
The exchange also outlined competitive advantages behind managing its data and cloud strategy internally during its Q1 earnings call on Thursday.
FactSet looks to build on portfolio commentary with AI
Its new solution will allow users to write attribution summaries more quickly and adds to its goal of further accelerating discoverability, automation, and innovation.
How Ally found the key to GenAI at the bottom of a teacup
Risk-and-tech chemistry—plus Microsoft’s flexibility—has seen the US lender leap from experiments to execution.
The IMD Wrap: Beginning of the end for data audits?
This week, there’s exciting news for data bean-counters in the form of a partnership between two vendors that could change the way we view and track data usage and audits.
S&P debuts Spark Assist genAI copilot, draws up ‘Blueprints’ of combined datasets
S&P’s Kensho subsidiary has rolled out new emerging tech products leveraging AI to explore and combine the vendor’s wealth of datasets to solve common use cases.
Most read
- Northern Trust building internal cloud data ‘marketplace’
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Northern Trust: Improving transparency across the asset servicing market