In this new report, Alpha FMC reveals what capabilities asset managers want from their asset servicing partners, and why the sector needs to focus on delivering continuous impactful change over the next five years to align with the industry’s increasingly fast-paced change agenda.
Independently commissioned by financial software provider Bravura, the report – The Future of Transfer Agency: 2030 – explores how Transfer Agency industry will evolve during the next five years as the financial services and the asset management sector continues to change at an increasing pace.
It highlights how evolving client preferences, real time data and wider technology innovation will drive change and shape the future of Transfer Agency, and how both Transfer Agents and asset managers need to adapt to ensure relevance in a changing world.
The report concludes with five key areas to focus attention for success in the industry: provision of solutions to meet expectations, client experience, innovation, cost optimisation through technology and provision of real time data. While technology will underpin much of this, it is not the sole tool to maintaining a competitive edge and industry players will need to leverage either large transformation or continuous impactful change – there is no one size fits all.