fundcraft’s Post

$100,000,000 𝐢𝐧 𝐒𝐚𝐯𝐢𝐧𝐠𝐬!! Victory Capital has announced a definitive agreement with Amundi that promises significant operational cost savings. David Brown, Chairman and CEO of Victory Capital, highlighted that this strategic deal will result in $100 million in annual savings. The asset management industry is clearly gearing up for major transformations. According to a recent BCG article, https://lnkd.in/gb4BRykc asset managers need to reduce operational costs by 20% to maintain historical profitability. This necessity is driving trends towards consolidating technology platforms, eliminating redundancies, and deploying AI strategies to streamline operations. We can expect more deals like this one as asset managers strive to enhance their global reach and operational efficiencies. To explore how your firm can achieve substantial cost savings and operational efficiencies, contact FundGuard today. #AssetManagement #AI #Cloudnative #Technology #OperationalEfficiency #BCGInsights #IBOR #ABOR #DigitalTransformation  

Max Koretskiy, Founder of Blackshield Capital: "A typical asset manager today uses over ten different technology tools designed to improve every aspect of the client experience. The adoption of AI heralds the automation of more than 35% of these tasks. However, it is important to realize that technology does not replace human expertise, but rather enhances it, providing asset managers with powerful tools to improve efficiency. There are already startups in the market, which offer revolutionary solutions that combine technology and a customized approach. Examples include Era and Parthean – startups offering solutions where AI serves as a reliable co-pilot for humans in asset management. Range offers an AI-enabled wealth management platform that significantly reduces the cost of service and makes financial advice accessible to a wide range of clients. Such solutions help democratize the wealth management industry, opening it up to new categories of investors. What is the role of an adviser in the process? It is changing: there is a shift from full service throughout the entire customer lifecycle to participation in important, sensitive or complex situations. Advisors must have a holistic view of their clients – assets, liabilities and cash flows, as well as the products or services needed. If needed, advisers will have to satisfy client requests that go beyond the boundaries of the financial and investment sphere". Read more in his fresh article for Finextra.

In the rapidly evolving landscape of asset management, WealthTech innovations are reshaping traditional practices and offering new opportunities for investors. Let's explore some of the key trends driving transformation in asset management: 𝐑𝐨𝐛𝐨-𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐬: Robo-advisors are automated investment platforms using algorithms for personalized advice and portfolio management. They offer cost-effective solutions with features like automatic rebalancing and tax-loss harvesting, streamlining portfolio management while minimizing fees. 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠: AI and machine learning algorithms analyze vast datasets, providing deeper insights into market trends and risk factors. Asset managers leverage these technologies for more informed decision-making and optimized portfolio strategies. 𝐄𝐒𝐆 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧: ESG integration in asset management aligns portfolios with sustainability and ethical considerations. Asset managers incorporate ESG criteria to mitigate environmental and social risks while meeting clients' values. 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬: WealthTech platforms make alternative investments like private equity and venture capital more accessible to retail investors. These opportunities for portfolio diversification cater to investors' appetite for non-traditional asset classes. 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐂𝐮𝐬𝐭𝐨𝐝𝐲 𝐚𝐧𝐝 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲: Digital custody solutions are crucial for securely storing and managing digital assets like cryptocurrencies. WealthTech firms develop advanced digital custody platforms with robust security measures, ensuring regulatory compliance and safekeeping of assets. As WealthTech continues to innovate and reshape the asset management industry, investors and asset managers alike can benefit from leveraging these technologies and trends to enhance portfolio performance, mitigate risks, and achieve their financial goals. #businessdevelopment #softwaredevelopment #fintech #BFSI #siteclick

In our recent EY-Parthenon research, we are seeing an uptick by wealth and asset management firms’ investment in GenAI technology: 84% are already investing in it or making to plans to invest. How do firms fully realize its value in their transformation journey? Our latest research provides a roadmap: https://lnkd.in/e5tbU3G7 #EYFinancialServices #WealthAssetManagement

Great content on GenAI targeted to Wealth and Asset Mgmt sector

In 2023, the global asset management industry saw assets rebound to $119 trillion after a decline the year prior. On the other hand, revenues grew by just 0.2% and profits declined by 8.1%. With investors increasingly favoring passively managed funds and lower-fee products, #AI stands to have a positive impact across the entire value chain, boosting productivity by up to 40%. Really great insights on how AI is transforming the industry from my colleagues, Dean Frankle, Alex Belyakov, Johannes Burkhardt, Joe Carrubba, Peter Czerepak, Lorraine Félix, Paul Hutchinson, Bingbing Liu, Maitreyee Malpekar, Michele Millosevich, Kedra Newsom Reeves, Edoardo Palmisani, Ian Pancham, Neil Pardasani, Dr. Manuela Rabener, George Rudolph, Lior Valitsky, CFA, Andrea Walbaum, and Ivana Zupa. Highly recommend you take a look for yourself in the full report:

Kfin Technologies: Established in 2017, Kfin Technologies (formerly KFin Technologies Private Limited) is a leading provider of technology-driven investor and issuer services for the asset management industry in India and abroad. They offer a comprehensive suite of solutions, including: Fund accounting and administration Investor servicing (transfer agency) Digital platform solutions (mobile app, analytics, social media) CRM solutions Compliance support Physical infrastructure (branches) Kfin services various asset classes, including mutual funds, ETFs, alternatives, pension schemes, equities, and bonds. They serve a diverse clientele, including asset managers, wealth managers, corporate issuers, and individual investors. Recent Developments: Q3 FY24 Results: Kfin reported strong financial performance in Q3 FY24, with revenue and profitability exceeding analyst expectations. New Partnerships: Kfin has signed new partnerships with several leading asset managers and financial institutions, expanding its client base. Technology Investments: Kfin continues to invest heavily in its technology platform, enhancing its offerings and scalability. Global Expansion: Kfin is actively exploring opportunities to expand its international presence. Strengths: Extensive experience: Kfin's team boasts expertise in the asset management industry, ensuring in-depth understanding of client needs. Diversified product portfolio: Kfin offers a wide range of solutions catering to various investor and issuer requirements. Technology-driven approach: Kfin leverages advanced technology to provide efficient and secure services. Focus on innovation: Kfin continuously innovates its offerings to stay ahead of the curve in the fintech landscape. Global reach: Kfin has a presence in India and other countries, catering to a diverse clientele. Future Outlook: The Indian asset management industry is expected to experience significant growth in the coming years, driven by factors like rising disposable incomes and increasing financial literacy. Kfin is well-positioned to capitalize on this growth with its comprehensive offerings, strong track record, and commitment to innovation.

Wealth and asset managers have the opportunity to reimagine their business models and transform their operations with GenAI. ✅ The GenAI era has arrived in wealth and asset management – with the majority of firms actively investing, making plans and building teams. ✅ Among many potential use cases, firms are prioritizing those with the highest near-term impact on the value chain as they navigate barriers to adoption. ✅ Strong governance models and controls are needed to address a range of tech risks, including data privacy and accuracy, model bias and hallucinations.

🚀 Exciting Times Ahead in Wealth and Asset Management 🚀 🔍 In Brief: - The GenAI era has officially arrived in wealth and asset management, with the majority of firms actively investing, strategizing, and building teams. - Amidst numerous potential use cases, firms are focusing on those with the highest near-term impact on the value chain as they tackle barriers to adoption. - Robust governance models and controls are crucial to mitigate various tech risks, including data privacy, accuracy, model bias, and hallucinations. Let's embrace innovation and navigate the future of finance together! 💼💡 #WealthManagement #AssetManagement #GenAI #Innovation #FinanceFuture #EY

"The path to digital transformation is no small task, but the benefits of the journey far outweigh the repercussions of doing nothing." In his inaugural blog for FundGuard, Antony Slee outlines how everything from systems complexity to M&A can create barriers to change, and suggests how firms can overcome the common challenges that are preventing true transformation. Read now: https://hubs.ly/Q02kkNc_0 #discoverpossible #investmentoperations #digitalization #devops #cloudnative #ai #transformationalchange #investmentaccounting #saas #assetmanagement #assetservicing #shadownav #cnav #IBOR #ABOR #nocloudwashing #datamanagement #fintech #finserv Original #genai artwork created by Patrick Campagnone for FundGuard.