Getting the fundamentals right remains a priority for asset managers.

As we hit the halfway mark of 2024 and enjoy the summer season, it’s the perfect time to reflect on the key developments and challenges in our sector. Here's some good news, bad news, and better news, along with a glimpse of what we've been up to and what lies ahead:

Good news:?Increased focus on client experience. Northern Trust reports?asset managers are looking for new ways to enhance the investor experience by optimising product offerings and implementing a highly targeted client product mix.?

Bad news: Data quality remains a challenge. Almost three-quarters (72%) stated that enhancing the quality and accuracy of products is their top focus. This is a clear change from the survey conducted in 2022, when quality and accuracy were cited by just 45%.

A recent?Trustquay report?also dives into the escalating problems caused by poor data quality. Alarmingly, 77% of respondents now name it as their primary concern, a stark rise from 44% three years ago.

Better news:?Asset managers continue to make Fundipedia their provider of choice to achieve better data quality and improve their client experience!

Vendor Consolidation - The compelling case for putting all your eggs in one basket

Want to know why asset managers and servicers spend so much time and money on managing and disseminating product data? Check out our latest thinking.

DOWNLOAD WHITE PAPER

?? Highlights from the white paper:

• The risks and the significant costs that result from?disjointed approaches to product data.
• The significant on-going cash savings that can be made by adopting a holistic approach to product data across the entire value chain, improving data quality and simplifying vendor relationships.
• The opportunities and possibilities offered by having full control of your data.

A Blueprint for FinTech Engagement and Onboarding in Investment Management

In case you missed it, the IA Engine recently published this comprehensive guide.

Our Managing Director, Simon, contributes to the document on pages 30-38, which addresses the specific challenges FinTech firms encounter when engaging with the traditionally cautious investment management industry.

It's an excellent resource to use within your organisations to streamline processes, implement best practices, and enhance the speed and quality of product delivery to your clients and end investors.

READ THE FULL REPORT

Conference season highlights

It's been a busy conference season with numerous insightful discussions and valuable connections.

One standout event was the FundsTech Forum, where Simon participated in a panel titled?"Data and Utilities – Why is the Funds Industry So Terrible at Creating a Utility?"

The panel explored the challenges in standardising data and creating collaborative utilities within the funds industry. Simon, along with other experts, emphasised the need for industry-wide cooperation to overcome legacy issues and improve efficiency.

For more details, read the full write-up?here?and the related article,?An act of futility in the funds industry.

Upcoming events

We're on the road again soon, this time to Monaco for?FundForum.

The team will be at pod 6, conveniently located next to the coffee lounge. So grab yourself a drink and stop by for a chat, or schedule a meeting ahead of time by clicking the link below or using the Connect Me app.

Connect with Tim to schedule a meeting

We're always here to assist and value your input. If you have any questions about Fundipedia, our products or services, please contact?Tim?directly at?[email protected].