WBR Insights report reveals European buy-side firms look to Automation, not Artificial Intelligence, to slash operational costs
Summary
Produced by WBR Insights and commissioned by SimCorp, the report surveyed 100 European Heads of Operations from buy-side firms with over EUR 20 billion in AUM, across the UK, France, Germany and the Nordics.It reveals the majority of the European buy side are dialling back from the hype around fintech innovation, with 81% of buy-side firms overhauling legacy systems, as the top strategic priority for 2018.The findings are particularly worrying for asset managers’ efforts to retain and attract clients amidst the allure of cheaper and transparent passive investing, when it appears their core infrastructure has limited capabilities to support such business goals.Stephen Butcher, Senior Vice President and Managing Director, UK, Middle East and Ireland, SimCorp: “The report makes it clear that the current status quo in investment operations needs to change fast.Whether deployed on premise or as an ASP solution, its core system, SimCorp Dimension, supports the entire investment value chain and range of instruments, all based on a market-leading IBOR .
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