This unique time in our history has presented a lot of challenges ranging from financial volatility, to personal life disruption, to avoiding illness, and dealing with mandatory remote working.
As we all watch everything available on Netflix, I came across a quote in a war film from Winston Churchill:
This way of thinking is what everyone needs in a time of crisis and presents an opportunity to succeed and move forward in a better way than the past. We all know the financial industry has been lagging in its ability to keep up with technology which is disrupting the marketplace. Everyone is frustrated that personal technology solutions are more advanced than the tools being used in the workplace.
Large vendors such as Microsoft, CISCO, Bloomberg, State Street, Rifinitiv, and others have all been trying to tackle the need to transform the financial workflow within buy-side firms. Alongside these large vendors new FinTech startups like OpenFin, Limina, and Magtia have joined the larger ecosystem of vendors to solve the following [4 key challenges facing asset managers & hedge funds]:
In this whitepaper, I will discuss how a asset manager or hedge fund can tackle these 4 challenges today with a cloud services based strategy. The whitepaper covers the 4 challenges under three broad topics:
Have the courage to change and remember that success is not final and failure is not fatal.