Funds Industry Report - Flipbook - Page 34
Eoin Motherway The Asset Management Exchange
manual processes, needs to be addressed. This
will empower asset managers to meet the
evolving needs of their client base.
Cutting costs – Where in the value chain, as
margins decrease, can costs be saved? Reporting costs can be reduced substantially through
the use of innovative platforms and, in addition, uniting the players on one platform allows
consolidation in the market. An open architecture approach, allowing integration into the
wider ecosystem is important. Ultimately,
there’s a need to get data in and out efciently.
At the same time, platforms need to balance
standardisation with exibility. A model is
needed to build success and keep costs down,
whilst end users may require exibility.
Environmental, Social and Governance (ESG)
Platforms can also support the growth of ESG
strategies, identied as a prime driver for the
industry across many discussions at conferences, such as FundForum International, in 2019.
Picking the right investments from an ESG
perspective can be challenging as the industry
currently lacks norms and standardisation,
with investors having different wants and
needs in this area.
A platform can make it much easier for asset
managers to meet the stringent service
requirements
demanded
by
institutional
investors, whilst addressing some of these new
industry trends and challenges. The AMX platform was launched in 2017 in order to standardise, centralise and streamline the interaction between institutional investors and their
managers and delivers a number of benets:
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