A new report produced by the Aite Group, commissioned by Numerix, assesses the overall impact of an unprecedented pandemic on the securities industry, with particular focus around front-office dynamics, risk management, and the regulatory front.
The report is based on a study that interviewed, between July 1 and September 1, 2020, 30 market participants from 20 responding firms, representing executives from banks, asset managers, hedge funds, exchanges, and consultants. Through these interviews, the report sought to learn the trends and challenges borne by market participants in both the front and middle office as a result of disruptions caused by the COVID-19 pandemic.
In reading this report you will discover how prepared the financial services industry was for the COVID-19 pandemic, how risk systems are performing during the current environment as well as observed shifts in mindset. For example, the research shows how the adoption of cloud-based platforms will only accelerate as a result of the current crisis.
Key takeaways from the 21-page study include the following:
ABOUT AITE GROUP
Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us on the web and connect with us on Twitter @AiteGroup and LinkedIn.
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