Client Service, Regulation Equal as Data Management Priorities, Survey Finds
Almost seven out of ten of survey respondents said regulation was a key driver, but 63 percent also said client service is primary factor driving their investment, with client growth as a leading priority for firms in 2013.
85 percent of those surveyed overall will be looking to expand their fund data management. Conor Smyth, MoneyMate's senior vice president for global sales, says both impending Solvency II rules for asset managers with European insurance clients, and FATCA compliance are two regulatory requirements that, along with client service, are increasing spend.
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