MoneyMate Highlights Lack of Automation Despite Reg Awareness
Results of a data management and regulation survey conducted by investment data quality management provider MoneyMate, reveals automation efforts are lacking despite growing awareness around regulatory requirements. While 75% of buy-side executives surveyed said regulatory reform will affect their organization¹s data management processes, only 14% currently utilize an automated process that supports regulatory compliance.
While more than 50% of respondents said their product data was usually distributed to the market accurately and in a timely manner, lack of automation, timeliness and costs were identified as frequent challenges.
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