Constrained by Capital Requirements, Wealth Management IT Struggles to Comply
In their quest to procure the best technology on the market, wealth managers and private banks face competing demands. New regulations mandate the move to transparent technologies that facilitate more frequent and accurate reporting and compliance. But budgets are tight and the pressure to become more efficient increases every day.
According to Technology and Operations Trends in the Wealth Management Industry, a report sponsored by Advent Software and published by Wealth Briefing, more than two
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